Resources

We have a problem: Houston-based oilfield services company Nine Energy Service, Inc. recently completed a distress exchange and faces headwinds from constrained capital spending among upstream operators.

Midwestern coal leader Peabody Energy Corporation is feeling the headwinds of a political and economically progressive shift towards cleaner energy sources like wind, solar, and natural gas. The debt pressure Peabody Energy is under won't produce diamonds, but it may lead to bankruptcy.

Massive losses due to COVID-19 and the sale of its Canadian subsidiary indicates to CreditRiskMonitor subscribers that the fun may soon be over for Party City.

CreditRiskMonitor delivers a highly accurate gauge on U.S. public company bankruptcy risk. In 2020, out of 85 occurrences of bankruptcy, our proprietary FRISK® score only missed predicting two bankruptcies. That amounts to a 97% rate of success during that time.

Leveraging AI for accurate private company bankruptcy risk assessment, we were successful in predicting 79% of bankruptcies in 2020 with the PAYCE® score.

International vacation and tourism operator Transat A.T. Inc. continues to struggle from pandemic headwinds and a cumbersome debt load. Without a major bump in travel demand sometime in 2021, bankruptcy proves more and more a possible endgame.

Although crude oil prices snapped back in recent months, Denver-based Highpoint Resources filed bankruptcy not long after the publication of our High Risk Report.

For the second time in four years, Seadrill Limited is bankrupt. The company is the latest in a series of offshore rig firms to seek court protection from creditors following spending cuts by the energy sector in wake of the COVID-19 pandemic.

Unfortunately, bankruptcy fit Christopher & Banks Corporation perfectly, as the women's apparel retailer was walloped by the economic downturn brought on by COVID-19.

Out of gas: American propane giant Ferrellgas Partners L.P. has met bankruptcy after years of financial turmoil and ever-growing risk.