Major drug manufacturers Mallinckrodt plc and Endo International plc are financially distressed due to elevated debt and product-related risks. If your company is doing business with these manufacturers, you should evaluate your risk exposure and perform further research.
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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.
As the Bank of England has already raised interest rates in the U.K., the U.S. Federal Reserve is telegraphing at least three interest rate hikes in 2022. With interest rates on the rise, many companies will go from muddling through to facing extreme financial duress.
The coronavirus has unleashed the global debt crisis that CreditRiskMonitor has been predicting. Credit professionals need to take action to ensure that they aren’t unduly impacted by delayed payments and bad debt write-offs.
Beauty products makers Coty, Inc. and Revlon, Inc. are currently exhibiting worst-in-class FRISK® scores, signaling elevated bankruptcy risk over the coming 12 months to CreditRiskMonitor clients.
CreditRiskMonitor subscribers were the first to see the danger in now-bankrupt propane giant Ferrellgas Partners. The keys to successful risk evaluation were regularly keeping a keen eye upon the FRISK® score and not being swayed by payment data.
If you work in the volatile oil and gas industry, not a single day should go by where you do not have a read on corporate credit risk. It could save your company millions in the long run.
With economies around the world on the brink of recession, or already in one, any professional monitoring financial risk needs to establish proper oversight now before commercial bankruptcies wreak greater havoc upon their portfolio.
Public company bankruptcies were widespread in 2019, and they were particularly severe in the oil and gas industry. We predict that they will intensify in other cyclical industries going forward.