The offshore oil and gas market remains widely depressed. Troubled outfit Hornbeck Offshore Services, Inc. has fallen to a FRISK® score of “1,” which indicates severe financial distress.
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While risk analysis professionals may be tempted to use the statistical FRISK® score as a component within a different model, such as one that is rules-based, doing so may generate suboptimal results.
With concerns surrounding China’s economy and the sharp decline in the Baltic Dry Index, risk professionals should be vigilant in monitoring the changing conditions in the shipping industry.
CreditRiskMonitor offers up five quick and important facts that you need to know about Peabody Energy Corporation right now to make a more solid business evaluation – or, more advisable, even an alteration of credit extension or a pivot to a peer.
The energy sector is slowly working its way back from the severe demand decline in 2020 due to the coronavirus pandemic. Schlumberger N.V. and Seadrill Limited, at different ends of the risk spectrum, are prime examples that underscore the effectiveness of the FRISK® score in keeping an everyday watch on bankruptcy.
Supplier financial risk in China calls for increased scrutiny. Now is the time to proactively leverage tools like the FRISK® score to conduct objective audits of your prospective and existing suppliers as supply chains restructure.
Commodities trader Noble Group Limited is in talks with creditors to restructure its debt. Their FRISK® score is in the high-risk "red zone," warning risk professionals of Noble Group's poor financial condition.
Australia’s previously stable economy is exhibiting an increase in risk due to a number of factors like a retail sales decline and slowing in its overheated housing market.
From the start of the coronavirus pandemic, CreditRiskMonitor subscribers have experienced an increase in public company FRISK® scored corporate failures* throughout North America.