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.
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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.
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.
With more than 1,000 Chinese businesses already facing global sanctions, supply chains are rapidly reorganizing supplier footprints due to severe country-related business risks.
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.
Now is the time for anyone who has neglected establishing a strong credit culture to learn how to best sound the alert, arming yourself with CreditRiskMonitor’s offerings.
The FRISK® score routinely identifies zombies across all industries. In fact, total high-risk companies worldwide have increased by nearly 50% since October 2021, which indicates another wave of bankruptcies is on the horizon.
In preparation of future bankruptcies, credit professionals are using CreditRiskMonitor’s Credit Limit Ranges solution for automated monitoring on the size of credit lines.