A contraction in credit is not something that might occur: It will happen at some point. Risk professionals dealing with the chemical manufacturing industry are better off preparing now, while economic conditions are still strong.
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The COVID-19 pandemic swiftly delivered hundreds of bankruptcy filings in 2020. Here in 2022, geopolitical tensions, supply chain challenges, and tightening credit conditions could lead to a similar devastating outcome.
Economic reopening and depressed worldwide rig counts have led to energy prices heading back in a positive direction. Yet this recovery hasn't resulted in an equal improvement throughout the energy patch.
The decline and demise of oil services giant McDermott International, Inc. was missed by many due to an unwise reliance on trade payment data analysis. When it comes to public companies and bankruptcy prediction, payment data doesn't work.
CreditRiskMonitor warned of the increased bankruptcy risk at newspaper owner McClatchy Company for more than a year before their Chapter 11 filing in February 2020. Yet McClatchy Company is not an isolated case and risk professionals should be monitoring other news provider outlets closely.
A contraction in credit is not something that might occur: It will happen at some point. Risk professionals dealing with the technology sector are better off preparing now, while economic conditions are still strong.
A recent high-profile bankruptcy within telecom provides a golden example of how reliance on payment data in assessing risk within public companies is foolhardy.
Risk of financial failure in South America is higher than it was during the Great Recession a decade ago. We scouted more than 1,500 public companies to find the riskiest public companies on the continent.
CreditRiskMonitor® offers up five quick and important facts that you need to know about Avaya Holdings Corporation to make a more solid business evaluation – or, more advisable, even an alteration of credit extension or a pivot to a peer.