PT - JOURNAL ARTICLE AU - Roberto Marchesini AU - Grady Perdue AU - Vicki Bryan TI - Applying Bankruptcy Prediction Models to Distressed High Yield Bond Issues AID - 10.3905/jfi.2004.391027 DP - 2004 Mar 31 TA - The Journal of Fixed Income PG - 50--56 VI - 13 IP - 4 4099 - https://pm-research.com/content/13/4/50.short 4100 - https://pm-research.com/content/13/4/50.full AB - High-yield bonds have a relatively high probability of default, but there is no clear methodology for predicting their default. Evaluation of several corporate bankruptcy prediction models indicates that none of the major models is suitable for predicting default on high-yield bonds. A new methodology produces significantly better results.