Father of Z-Score Expects Bigger Bankruptcies in Next Downturn
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Edward Altman, who developed the Z-score method for predicting bankruptcies 50 years ago, says the next recession will be characterized by many more bankruptcies and defaults than in previous downturns, and the corporate failures will be larger than ever before.
Altman spoke with Katherine Doherty on Oct. 29, and comments have been edited and condensed. He developed the Z-score model in 1968 and is now professor emeritus at New York University’s Stern School of Business.