Bankruptcies were triggered at a feverish rate in Q2 2020; the reprieve, one year later, feels more like a crisis delayed than dismissed. Keep up a strong credit culture.
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From the start of the coronavirus pandemic, CreditRiskMonitor subscribers have experienced an increase in public company FRISK® scored corporate failures* throughout North America.
As default rates are rising, creditors are receiving rock bottom recoveries on their debt. Trade credit is even more vulnerable, likely to accept pennies on the dollar.
CreditRiskMonitor® offers up five quick and important facts that you needed to know about now-bankrupt Rite Aid Corporation to have made a more solid business evaluation – or, more advisable, an alteration of credit extension or a pivot to a peer.
In a recent webinar with leading credit experts, CreditRiskMonitor CEO Jerry Flum noted that a world built on nonfinancial corporate debt is susceptible to mass bankruptcy in the wake of the COVID-19 pandemic.
With inflation running hot, the U.S. Federal Reserve has embarked on a rate hike agenda. Financially weak companies with material near-term maturities are struggling and, in some cases, bankruptcy could be imminent.
Avoid the crash: not having a daily risk download like what we provide subscribers with our proprietary FRISK® score, when world events like armed conflict are changing industry every day, is like flying a plane without instruments through a hurricane.
Just like tariffs, supplier financial risk has become an important category to monitor by company procurement departments. If this isn't on your radar today, it should be.
Two major U.S. pharmaceutical companies possess heightened bankruptcy risk largely due to lawsuits stemming from the opioid crisis. Our models are reflexive enough to give the most accurate forward-looking reads on financial risk when calamities strike.