Optimal assessment of public company bankruptcy risk requires the balanced, holistic analysis provided by the FRISK® score.
Public company bankruptcies soared in 2020, and filings continue to roll in as fallout from COVID-19. Here are five of the most notable Chapter 11 cases we've seen so far in 2021, and another five companies we feel are in big-time danger.
CreditRiskMonitor’s FRISK® Stress Index shows elevated financial risk within the global steel manufacturing industry, including big-time players in Schmolz + Bickenbach and ArcelorMittal.
While risk analysis professionals may be tempted to use the statistical FRISK® score as a component within a different model, such as one that is rules-based, doing so may generate suboptimal results.
D&B’s "Bankruptcy: Why the Surprise?" whitepaper shows that their popular PAYDEX® score misleads trade creditors on public company bankruptcy risk.
The FRISK® score is a game-changing tool that combines several key inputs to assess bankruptcy risk. The first of a five-part look at these inputs, here’s how the stock market plays a role.
The global effort to slow the spread of COVID-19 continues to impact all economic regions and industries. Risk professionals must adapt quickly or risk being sideswiped by the rise in bankruptcies.
Credit professionals use CreditRiskMonitor®’s Trade Contributor Program to gain quality, real-time insights into their accounts receivable portfolio. We collect in excess of $2 trillion in trade data annually from our trade providers. After processing this data, we work with credit professionals to be more proactive and tactical with their accounts receivable to make healthier business decisions.
AutoCanada Inc.'s heavy leverage has put the company in potential danger. As interest rates rise in both Canada and the U.S., expected softer sales and higher costs will make it much harder for the company to remain solvent in 2019.