Investing in Junk Bonds: Inside the High Yield Debt Market

About this book

The first comprehensive guide to the burgeoning new high-yield debt or junk bond market. Edward Altman and Scott Nammacher leading experts on debt financing and co-developers of the Zeta model for predicting business failure offer sophisticated investors a complete analysis of the high-yield bond market its anatomy history participants risks and returns. With Altman and Nammachers Zeta model investors can gauge the safety of an issue before they commit. This book helps private investors and mutual fund pension bank and insurance money managers make sure their junk bonds dont live up to the name.