The media and financial institutions, including the Federal Reserve, underreport the proliferation of zombie firms, a frightening reality you must not ignore. Learn how you can use the FRISK® score and other CreditRiskMonitor report features to protect your company from bankruptcy-prone zombies.
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Companies have been ramping up efforts in nearshoring their purchased goods from Mexico and Canada while keeping other regions steady. This trend indicates supply chains are focused on dual sourcing and seeking alternative suppliers.
Even with government intervention, trade credit insurance is waning at the exact time when it is needed most. The longer the coronavirus persists, the more bankruptcies will ensue and the harder it will likely become to acquire trade insurance.
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 FRISK® score highlights the most critical public company risks in your portfolio as soon as possible so you can spend time on the relationships that need the most attention.
CreditRiskMonitor anticipates tighter access to credit in the years ahead and an escalation in bankruptcy filings – if we’re not heading for a recession, it may be a depression.
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.
In 2021, total liabilities from public company bankruptcies approached $77 billion, delivering formidable material losses to creditors and major disruptions to global supply chains.
Public and private companies need to be proactively evaluated in distinct, different ways by risk management professionals - fortunately, with the FRISK® score and PAYCE® score, CreditRiskMonitor has world-class solutions for both subportfolios.