Baby bankruptcy boom: American retailer Destination Maternity Corporation has met Chapter 11. Our suspicions about their heightened financial risk, however, were born more than a year before their filing.
As the fallout from one of the biggest bankruptcies of 2019 begins to settle, we see that credit and procurement professionals who evaluate risk in public companies as a habitual practice are proving to be the best at avoiding unnecessary exposure.
CreditRiskMonitor’s FRISK® Stress Index shows elevated financial risk within the global steel manufacturing industry, including big-time players in Schmolz + Bickenbach and ArcelorMittal.
Chinese factory activity has contracted for six consecutive months as CreditRiskMonitor observes that there are more than 1,100 public companies showing signs of elevated financial risk across China and Taiwan.
CreditRiskMonitor Warning: Extending credit to tobacco purchasing company Pyxus International, Inc. going forward may be hazardous to your company's health.
Leveraging AI for accurate private company bankruptcy risk assessment, we have been successful in predicting 70% of bankruptcies thus far in 2019 (Q1 through Q3) with the PAYCE® score.
Rite Aid Corporation's elevated risk of financial failure might be imperceptible if a credit and procurement managers put too much stock into whether or not the pharma retail mainstay continues to pay bills on time.
RetailDive recently set out to compile a list of distressed retailers at risk of bankruptcy, using data provided by CreditRiskMonitor's proprietary FRISK® score. In this podcast, author Ben Unglesbee discusses his findings in advance of the 2019 holiday season.
CreditRiskMonitor announced that its Board of Directors today declared a dividend of $0.05 per outstanding share of its common stock. Additionally, the Board elected Michael Flum as SVP and COO and Jonathan Levy as SVP, Secretary and General Counsel.
