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Greek Default Ruling by ISDA Likely Outcome, NYU’s Altman Says

The International Swaps and Derivatives Association will probably rule that Greece is in default if there are creditor holdouts to restructuring talks, according to New York University’s Edward Altman.

That is the most likely outcome, Altman, a finance professor at the Stern School of Business, said during a Turnaround Management Association conference in New York today.