Fri, Aug 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque Radio

Assessing the current condition and outlook for global sovereigns and the corporate credit space
Radio Feature Two: Professor Altman in conversation with Sona Blessing
 
Tuesday, November 16, 2010
radio Edward I. Altman is Director Credit and Debt Markets Research Progam, Max L. Heine Professor of Finance at the New York University, Leonard N. Stern School of Business. In his own words also known as Dr. Gloom, twin to Dr. Doom who is his NYU colleague Dr. Nouriel Roubini.
         Professor Altman is an international expert on corporate bankruptcy, high-yield bonds, distressed debt and credit risk and has co-developed the Z-Metrics credit analysis tool that enables investors and lenders to more accurately estimate company credit ratings and default risk probabilities.

 Download this feature as MP3 (25.18 MB)

 
Listen to the complete feature
Assessing the current condition and outlook for global sovereigns and the corporate credit space

Duration: 11:00 

 

Or listen to selected sub-features
  • Q1 - The sovereign debt crisis, particularly in Europe; the methodology for assessing sovereign risk, the drawbacks of using traditional techniques for assessing sovereign risk, his “new” research on the sovereign area. Despite the austerity measures why he thinks (and based on his analysis), the private sector should be nurtured, subsidised in some way

    Duration: 03:35 


  • Q2 - His views on correlations between debt and equity in the "current cycle" - the fact that they have grown dramatically - an investor dilemma, a conundrum …

    Duration: 01:35 


  • Q3 - I ask, Should we be using the US Treasury as a benchmark for the "risk-free rate? Should we be reassessing the way we define and measure risk?" What is the alternative? … and why Professor Altman still thinks it is a good benchmark.

    Duration: 02:06 


  • Q4 - Thoughts on sovereign debt being used as the risk-free rate by European countries? "Maybe we need to rethink the term risk-free rate because governments now are not risk free."

    Duration: 01:48 


  • Q5 - Outlook on the space, the US corporate bond market and on the US corporate bankruptcy rate …

    Duration: 01:53 



Radio Link
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest