FACTBOX-Reuters Summit-Facts about Altman default formula

Newswire

(For other news from the Reuters Restructuring Summit, click on http://www.reuters.com/summit/Restructuring08?pid=500) Sept 26 (Reuters) -The Z-Score, a widely used formula for predicting corporate bankruptcies, has been signaling greater chances of a default by General Motors Corp since the automaker posted a $15.5 billion second quarter loss on Aug. 1. Here are some facts about the Z-Score and how it computes bankruptcy risk. * Edward Altman, professor of finance at New York ...

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