Resources

Heavily indebted public companies - including perhaps theaters near you - are reeling as countries around the world shut their economies to slow the progress of COVID-19.

Public company bankruptcies soared in 2020, and filings continue to roll in as fallout from COVID-19. Here are five of the most notable Chapter 11 cases we've seen so far in 2021, and another five companies we feel are in big-time danger.

Big-name retailers Macy’s, Inc. and Neiman Marcus Group LTD LLC are on opposite ends of the bankruptcy risk spectrum - and for Neiman Marcus, time may be running out to turn their fiscal fortunes around.

In a pandemic period when major public company bankruptcies are hitting hard daily, reliance on payment performance and/or financial statement analysis provides a whole new slew of dangers.

In a highly interconnected world, large financially distressed companies like Spain's Obrascon Huarte Lain can pose far-reaching risks.

CreditRiskMonitor’s FRISK^® Stress Index shows elevated financial risk within the global steel manufacturing industry, including big-time players in Schmolz + Bickenbach and ArcelorMittal.

Sanctions have delivered significant financial stress to the Russian government and corporations alike. Overall, many Russian companies have dropped into – or have sunk further down into – the FRISK® score red zone, indicating heightened financial stress and corporate failure risk.

The global effort to slow the spread of COVID-19 continues to impact all economic regions and industries. Risk professionals must adapt quickly or risk being sideswiped by the rise in bankruptcies.

Apparel retailers have required significant adjustments to handle their financial leverage and operating lease commitments. Brooks Brothers and Tailored Brands, in particular, fell prey to slowing demand for professional business attire, a trend which was accelerated by the coronavirus pandemic.