Bond default rates to get worse, says Altman

Professor Ed Altman, one of the world's leading experts on distressed debt and credit risk analysis, warns that buyers should wait until corporate bond defaults peak in late 2009 or even in 2010.

Dr Edward Altman has an international reputation as an expert on corporate bankruptcy, high yield bonds, distressed debt and credit risk analysis. His Z-score model for predicting bond default and recovery rates is widely used throughout the finance industry. Dr Altman has been a consultant to several government agencies, major financial and accounting institutions and industrial companies and has testified before the US Congress and the New York State Senate. In an interview with FinanceAsia, he explains the...

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