Thu, Sep 18, 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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Opalesque Exclusive: Old Hill Partners launches specialty finance fund[more]

    Bailey McCann, Opalesque New York: Asset-backed lending is starting to heat up again after a prolonged credit squeeze. The Financial Times reports that a record £18.9bn was borrowed from asset-based lenders in the three months to the end of June. Much of this lending is driven by advanc