Category Archives: Bankruptcy

Ed Altman to Launch New ETF for Distressed Debt

Posted on March 19, 2013 by Alanna Valdez

NYU Stern Professor Ed Altman’s latest project was highlighted in the Wall Street Journal. Altman, inventor of the Z-score model and Z-score+ app, is set to release a new exchange-traded fund (ETF) called “Market Vectors-Altman Default & Distressed Bond ETF.” … Continue reading →

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Breaking the bank-sovereign nexus

Posted on February 19, 2013 by Alanna Valdez

The following Op-ed was written by Viral Acharya on livemint.com, “Breaking the bank-sovereign nexus: The ownership structure of India’s debt seems problematic from the view of financial and economic stability”

The unique feature of the global financial crisis that … Continue reading →

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No More Lifelines for Struggling Companies?

Posted on February 11, 2013 by Alanna Valdez

Declining bankruptcies and Chapter 11 cases might sound like a good thing, but after taking a closer look, NYU Stern Professor Ed Altman notes otherwise. Altman was quoted in Bloomberg News, stating that salvaging questionable companies can lead to fragile … Continue reading →

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Ed Altman on Companies that May Face Bankruptcy in 2013

Posted on January 30, 2013 by Alanna Valdez

At the 12th annual Corporate & Sovereign Credit Market Outlook luncheon, NYU Stern Professor Ed Altman offered his predictions as to the types of companies that will likely face bankruptcy in 2013. Altman, quoted in Reuters, notes that mid-market defense … Continue reading →

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Ed Altman’s Z-Score+ App added to Bloomberg’s App Portal

Posted on December 11, 2012 by Alanna Valdez

NYU Stern Professor Ed Altman’s renowned Z-Score+ App was recently added to Bloomberg’s App Portal. Altman’s Z-Score+ app, a tool used to determine a company’s risk for bankruptcy, was an integral feature for correctly predicting Italy’s 2011 financial crisis. Bloomberg’s App … Continue reading →

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Professor Ed Altman Testifies for Bankruptcy Reform

Posted on November 9, 2012 by Laura Shanley

NYU Stern Press Release

Altman Gives Testimony on 10/17/12 at the American Bankruptcy Institute’s Hearings on Bankruptcy Code Reform

Edward Altman, the Max L. Heine Professor of Finance at NYU Stern and an esteemed bankruptcy scholar for nearly five decades, … Continue reading →

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In times like these predictive power lies in looking back

Posted on September 28, 2011 by mjog

The article highlights Professor Edward Altman’s Z-score for predicting corporate bankruptcies.

If developed economies are heading for a nuclear winter – and at times it feels that way – the concept of defensiveness takes on a new urgency. But what … Continue reading →

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Surprise! Junk Debt Is Coming Back Into Style

Posted on September 13, 2011 by mjog

Professor Ed Altman, who proved prescient about junk bonds going into crisis, says  investing in junk bonds was a no-brainer then, now it is merely attractive!

August wasn’t much fun for anybody in the stock market, but it delivered a … Continue reading →

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Italy to Be Last Battle to Save Euro, Altman Says

Posted on July 8, 2011 by mjog

Edward Altman, a finance professor at New York University’s Stern School of Business, talks about his Z-metrics formula for assessing the financial health of countries and the outlook for resolution of the European debt crisis. Altman, who created the Z-score … Continue reading →

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Final Battle for the Euro Will be Fought on Italy’s Shores

Posted on June 21, 2011 by mjog

Professor Edward Altman says overall credit risk metric places Italy among the riskiest private corporate sectors.

For more than two years, we have witnessed the economic demise of certain European countries. This soon led to the financial community systematically assessing … Continue reading →

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