TY - JOUR T1 - Applying Bankruptcy Prediction Models to Distressed High Yield Bond Issues JF - The Journal of Fixed Income SP - 50 LP - 56 DO - 10.3905/jfi.2004.391027 VL - 13 IS - 4 AU - Roberto Marchesini AU - Grady Perdue AU - Vicki Bryan Y1 - 2004/03/31 UR - https://pm-research.com/content/13/4/50.abstract N2 - 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. ER -