# Professor Edward Altman's Z-Score research is referenced

1 Faculty News March 19, 2019 ![Forbes India logo](/sites/default/files/styles/246w/public/assets/images/con_045413.jpg?itok=Z4h8_4BX)>

Excerpt from [Forbes India](http://www.forbesindia.com/article/investment-special-2019/credit-risk-funds-debt-row/52835/1) -- "Formulated by [Edward Altman](https://www.stern.nyu.edu/faculty/bio/edward-altman) of New York University’s Stern School of Business in 1968, z-score, says Azeez, is better than ratings for determining credit risks before a company goes down. This is particularly critical for a country like India, which has 38 AAA-rated companies compared to the US that has just two."

[Read more](http://www.forbesindia.com/article/investment-special-2019/credit-risk-funds-debt-row/52835/1)