NY professor sees junk bond defaults at 4.64 percent: report | Reuters

It is not every day that the Altman Z score is in the news, so when I saw that it was today I figured it had to be mentioned.NY professor sees junk bond defaults at 4.64 percent: report | Reuters: "A New York University professor is projecting that high-yield 'junk' bonds will default at a rate of 4.64 percent this year, the highest since 2003, The Wall Street Journal reported on Wednesday. "