Forecasting fiscal stability in municipalities is increasingly critical as public entities face unprecedented financial challenges. Recent research has adapted Altman's renowned Z-Score model — ...
Altman considered companies with an Altman Z-Score over 2.6 “safe,” companies with a score between 1.1 and 2.6 in a “gray” zone, and companies with a score under 1.1 “at risk.” In brief, the formula ...
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