Wiserfunding’s SME ratings have potential CLO use
Edward Altman, creator of the Z-score metric predicting corporate bankruptcies, has co-founded a new company that automates credit scores for small and medium sized firms. That could help provide ratings for the SME CLO market.
Altman, a professor of finance at New York University’s Stern School of Business, created the famous Z-score methodology back in 1968 to predict the probability of a company going bankrupt within two years.Now, Wiserfunding has built on that model and added artificial intelligence to generate a 12 ...
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