Report on Defaults and returns on high yield bonds: Analysis through september 30, 2002

The third-quarter 2002 default rate for high yield bonds was 4.95%, based on $37.48 billion of defaults. The quarterly default rate is the highest in history, surpassing the first quarter of 1991 rate of 4.80%.(...)

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Year of publication:	2002-10-01
Authors:	Altman, Edward I. ; Bana, Gaurav
Publisher:	Salomon Center for the Study of Financial Institutions <New York, NY> / Credit & Debt Markets Research Program
Subject:	Anleihe \| Empirische Forschung \| empirical research \| Ertrag

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Extent:	247808 bytes 52 p. application/pdf
Series:	NYU Salomon Center for the Study of Financial Institutions - Credit & Debt Markets Research Program - Publications Paper ; 2002,10
Type of publication:	Book / Working Paper
Language:	English
Classification:	Financial theory ; Individual Working Papers, Preprints ; USA
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005846823