A contraction in credit is not something that might occur: It will happen at some point. Risk professionals dealing with the transportation and manufacturing industries are better off preparing now, while economic conditions are still strong.
If a premium grocery chain like Whole Foods can experience a multi-month SKU disaster, chances are that it can happen to your company too. Evaluate the financial health of your supply chain, see which vendors are most at risk of failure, and take the necessary steps to safeguard against them.
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.
With cracks already starting to show in the trucking industry and CFOs worrying that economic conditions are primed to decline, the time to prepare is now.
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.
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.
CreditRiskMonitor® offers up five quick and important facts that you needed to know about now-bankrupt WeWork Inc. to have made a more solid business evaluation – or, more advisable, an alteration of credit extension or a pivot to a peer.
CreditRiskMonitor’s integration of subscriber crowdsourcing into the FRISK® score continues to prove itself as a unique enhancement, unavailable in any other bankruptcy prediction model. Recently, the "Virtual Credit Group" highlighted the elevated risk of coal miners Peabody Energy Corporation and Alpha Metallurgical Resources Inc.
With inflation running hot, the U.S. Federal Reserve has embarked on a rate hike agenda. Financially weak companies with material near-term maturities are struggling and, in some cases, bankruptcy could be imminent.