RT Journal Article SR Electronic T1 Applying Bankruptcy Prediction Models to Distressed High Yield Bond Issues JF The Journal of Fixed Income FD Institutional Investor Journals SP 50 OP 56 DO 10.3905/jfi.2004.391027 VO 13 IS 4 A1 Roberto Marchesini A1 Grady Perdue A1 Vicki Bryan YR 2004 UL https://pm-research.com/content/13/4/50.abstract 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.