The FRISK® score is a game-changing tool that combines several key inputs to assess bankruptcy risk. Here’s how credit manager crowdsourcing play a role.
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Business at casinos and resorts has picked up following an easing of travel restrictions after COVID-19, yet operators worldwide continue to be tested by steep fixed cost structures and debt-loaded balance sheets.
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.
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 is the source of many recurring, prolonged, and unanticipated supply chain issues that can otherwise be prevented or mitigated - if you're willing to ask a few pertinent questions.
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.
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.
The coronavirus has reduced air travel across key channels worldwide. Equity markets are souring on airliners, especially those that already carry excessive debt and are strapped for cash.