Cheap, Any Way You Look At It

Sheahan, Matthew
October 2011
High Yield Report;10/17/2011, p14
The article focuses on the calculation of default forecast pricing. It presents a critique on the Wall Street method of calculating levels of corporate defaults using the breakeven spread method. It offers an alternative method based on the distressed ratio method propounded by Martin Fridson, global credit strategist at BNP Paribas Investment.


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