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    Altman's Z score

    Hello, I have two simple questions about Alman's Z score I ws hoping you could answer for me. Are we supposed to memorize the formula for this or just how to interpret it? It seem s a little silly to have to memorize a bunch of betas and their corresponding variables, but if that's what they...
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    Altman's Z to PD

    Hi David, here is your quote: "Altman’s Z is the most famous type of linear discriminant model: borrowers are classified into high or low default risk categories. It does not directly give a probability of default (PD), although we can map to the > score to a credit rating and map the...