Chinese property developer defaults have become the norm, with formal bankruptcies now beginning to take shape. Industry giant China Evergrande Group may be among the next to file.
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The automotive industry faces financial distress, with rising consumer auto loan defaults, supplier bankruptcies, and widespread high-risk conditions. Recent PAYCE® Score data from SupplyChainMonitor™ revealed four private company bankruptcies and identified over 600 U.S. automotive firms in High Risk status. Sourcing professionals can map suppliers, monitor financial health, and receive early alerts on critical disruptions - such as the Novelis plant fire and financial strain at HP Pelzer and Superior Industries.
Bankruptcy filings are dramatically increasing in 2023; several large Chapter 11s have been accurately predicted already with the aid of our exclusive crowdsourcing data input, made available only to CreditRiskMonitor subscribers.
Deep cracks are surfacing in global corporate debt markets. The timing of corporate bankruptcies is always difficult to predict, yet FRISK® score trends show that the odds of a bankruptcy wave have measurably increased.
The FRISK® score is a game-changing tool that combines several key inputs to assess bankruptcy risk. Here’s how bond agency ratings play a role.
A dormant debt powder keg ignited in 2023; as bankruptcies continue to explode in 2024, risk professionals must set into motion a multi-faceted approach to financial risk evaluation.
With inflation at a 40-year high and interest rate hikes beginning to be implemented, more and more overleveraged companies with sinking FRISK® scores are in greater danger of bankruptcy in 2022.
With escalating geopolitical tensions and heavy sanctions hitting Russia and China, corporations are sourcing alternative suppliers from other countries.
SupplyChainMonitor forewarned of Yellow Corporation’s high bankruptcy risk via the FRISK® score, all while our peer analysis within SupplyChainMonitor provided clients with the tools to find the best trucking alternatives to prevent future disruptions.