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Debt
Ed Altman wonders why markets are priced for certainty
High-yield credit spreads suggest the market is sanguine about credit risks, which puzzles the inventor of the Z-Score, predictor of corporate defaults.
By Jame DiBiasio | 5 May 2010
View Point
Altman’s vintage year for distressed is slightly corked
The quivering heaps of toxic debt are being alleviated by government stimulus and unprecedented liquidity.
By Simon Osborne | 17 November 2009
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