Resources

California Resources Corporation could not stave off bankruptcy in 2020, hit simultaneously by a price war in oil & gas and the worldwide coronavirus pandemic.

Leveraging AI for accurate private company bankruptcy risk assessment, we were successful in predicting 80% of bankruptcies in the first half of 2020 with the PAYCE® score.

¡Ay, Caramba! The coronavirus has grounded Grupo Aeroméxico SAB de CV, but their heavy debt load preceding the pandemic made the Mexican airliner a bankruptcy risk for many years prior.

Chesapeake Energy Corporation is the latest heavily indebted oil and gas business to seek bankruptcy protection since the coronavirus pandemic crippled demand for energy.

Independent oil and natural gas exploration leader California Resources Corporation has seen its FRISK® score bottom out. The time has come for trade creditors to pay close attention.

Our FRISK® score is the engine that powers public company bankruptcy risk avoidance. With that in mind, we look at Briggs & Stratton and we see the potential for failure.

CreditRiskMonitor is proud to announce a new partnership with Esker, a worldwide leader in AI-driven process automation software used by more than 6,000 companies worldwide.

Hertz Global Holdings, Inc., a global superstar in rent-a-car, was taken out of the driver's seat and into bankruptcy thanks to many factors - including a propensity to load up on debt and the ongoing coronavirus pandemic.

Animal pharma leader Akorn, Inc. had been in bankruptcy danger for several years. When a stern warning from the FDA and a failed takeover bid derailed their business, they were left with nowhere else to turn.

Ultra Petroleum Corporation has filed for Chapter 11 protection for the second time in four years, torpedoed in large part by persistently weak natural gas prices.

CreditRiskMonitor reported that revenues for the 3 months ended Mar. 31, 2020 increased 6% to $3.71 million compared to $3.50 million in last year’s first quarter.

CreditRiskMonitor has announced the arrival of Richard Lippe to the Company's Board of Directors, while longtime independent Board member Jeffrey Geisenheimer resigned.