With consumer demand plummeting because of the COVID-19 pandemic, highly leveraged automotive supplier Shiloh Industries, Inc. has filed for Chapter 11 restructuring.
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Bankruptcy Case Study
High Risk Report
… . The New York-based retailer has sat firmly within the FRISK score "red zone," which incorporates all companies with a … publicly traded company. Image Party City Holdco Inc. FRISK Score … Massive losses due to COVID-19 and the sale of …
Massive losses due to COVID-19 and the sale of its Canadian subsidiary indicates to CreditRiskMonitor subscribers that the fun may soon be over for Party City.
High Risk Report
… China’s largest property developer has seen its FRISK score deteriorate over the last several months, sinking to a "1" in the summertime: Image The FRISK score is a dynamic, comprehensive, and 96%-accurate …
It's anyone's guess as to whether or not the Chinese government will step in and bail out property developer China Evergrande Group, but CreditRiskMonitor subscribers should never think a leveraged-to-the-max company like this is immune from potential bankruptcy.
High Risk Report
More and more, it looks like until the COVID-19 pandemic dies down, creditors should keep a close eye on Europcar Mobility Group SA. The Parisian rental car company's finances are stalling out.
High Risk Report
… business to get the revenue through the doors. TUI AG's FRISK score is sitting at a "1," having dropped into the FRISK Score "red zone" in Q1 2020: Image … One of Europe's …
One of Europe's leading tourism groups, TUI AG, has largely remained docked in 2020 and is trying to survive the COVID-19 pandemic.
Bankruptcy Case Study
… To see that risk, one can simply look at the company's FRISK score progression over the course of the last 18 months and see the ever-present danger: Image The 96%-accurate FRISK score blends stock market volatility data, financial …
While COVID-19 provided the final push to propel Neiman Marcus into a Chapter 11 filing, a long history of leveraging up gave our subscribers ample time to reduce exposure to this retail giant.
High Risk Report
… to this oil and gas titan, you do the same. The company's FRISK score has sunk to an abysmal "1," which indicates a … a CreditRiskMonitor subscription with accessible FRISK scores to sidestep major write-downs is the gift that …
Things are drying up around Abraxas Petroleum Corporation's derricks and a going concern opinion is giving many company creditors pause. We suggest that if you are counterparty to this oil and gas titan, you do the same.
Bankruptcy Case Study
… on the list, Linn Energy). The Bermuda-based company's FRISK score had been at a "1" since last summer: Image So what does a FRISK score of "1" indicate? It tells the subscriber that …
For the second time in four years, Seadrill Limited is bankrupt. The company is the latest in a series of offshore rig firms to seek court protection from creditors following spending cuts by the energy sector in wake of the COVID-19 pandemic.
High Risk Report
… progression on this front has done little to improve the FRISK score outlook on the company. It currently sits at a bottom-rung "1." Image A FRISK score of "1" indicates a 10-to-50x greater probability …
International vacation and tourism operator Transat A.T. Inc. continues to struggle from pandemic headwinds and a cumbersome debt load. Without a major bump in travel demand sometime in 2021, bankruptcy proves more and more a possible endgame.