# Prof. Ed Altman on junk bonds

1 Faculty News December 18, 2012 ![Forbes logo](/sites/default/files/styles/246w/public/assets/images/con_030508.jpg?itok=SId6k3bx)>

Excerpt from [Forbes](http://www.forbes.com/sites/abrambrown/2012/12/18/will-americans-stop-loving-junk-prospects-for-high-yield-bonds-in-2013/) -- "[Edward Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman), a high-yield investing guru, doesn’t see default rate next year much above 3%.”I think balance sheets today are quite strong,” he says. “I’m still a believer in quality junk."

[Read more](http://www.forbes.com/sites/abrambrown/2012/12/18/will-americans-stop-loving-junk-prospects-for-high-yield-bonds-in-2013/)