Defaults and Returns on High Yield Bonds: The Year 2002 in Review and the Market Outlook

The year 2002 was remarkably difficult on many fronts for most financial markets. For the high yield bond market, it was again a year of record amounts of defaults which contributed to low recovery rates and slightly negative absolute returns. (...)

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Year of publication:	2003-02-01
Authors:	Altman, Edward I. ; Bana, Gaurav
Institutions:	Salomon Center for the Study of Financial Institutions <New York, NY> / Credit & Debt Markets Research Program
Subject:	Ausfallrisiko \| Rendite \| Prognose \| Anleihe \| Konkurs \| Rückerstattung \| payback

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Extent:	1216512 bytes 65 p. application/pdf
Series:	New York University - Salomon Center for the Study of Financial Institutions - Credit & Debt Markets - Publications Paper ; S-CDM-03-06
Type of publication:	Book / Working Paper
Language:	English
Classification:	Financial theory ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005846815