When this current benign credit cycle ends, debt losses could approximate $1.2 trillion for public companies. Are you going to wait until your customers and suppliers are bankrupt or are you going to take action now?
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Bankruptcy risk is a specific area procurement professionals should focus upon when evaluating publicly held suppliers’ financial performance – especially given the effect of competitive pressures on corporate margins and daily news stories about growing levels of global debt.
In 2021, total liabilities from public company bankruptcies approached $77 billion, delivering formidable material losses to creditors and major disruptions to global supply chains.
Scientific Games' high leverage, elevated investment needs, cyclical business risk, and recent penchant for extending credit to customers are all issues which necessitate a more sophisticated level of monitoring.
With the PAYCE® score providing a substantial uplift compared to traditional trade payment analysis, more and more risk professionals are adding the bankruptcy model into their workflows and processes.
The FRISK® score is a game-changing tool that combines several key inputs to assess bankruptcy risk. Here’s how bond agency ratings play a role.
The FRISK® score is a game-changing tool that combines several key inputs to assess bankruptcy risk. The first of a five-part look at these inputs, here’s how the stock market plays a role.
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.
The FRISK® score downgraded retailers and restaurants in February and March following the market sell-off stemming from coronavirus.