A company with an Altman Z-score of 3.15 should not be granted a loan due to a high default probability.

Name: A company with an Altman Z-score of 3.15 should not be granted a loan due to a high default probability.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An Altman Z-score of 3.15 indicates that the company is financially healthy and has a low risk of default, meaning that it should be granted a loan. A score above 2.99 is considered "safe" and a score below 1.8 indicates a high risk of bankruptcy.

A Company with an Altman Z-Score of 3