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.
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The global economy appears to have deteriorated in a significant way during 2019 given the trends in negative-yielding debt.
If history is any guide, all risk professionals need to prepare for a worldwide economic downturn today or otherwise risk playing catch-up tomorrow.
Commercial bankruptcies in the United States increased for the first time since 2009. Record corporate debt and waning business confidence are striking developments regardless of which industry you are operating within.
Nearly 30% of publicly traded companies worldwide are already trending in the FRISK® red zone, indicating heightened bankruptcy risk - and as recession whispers intensify, every day you delay taking action could cost you and your company dearly.
Corporate supply chains need to be wary of suppliers that are financially distressed. High-risk suppliers can expose your company to a variety of issues, which can ultimately have an impact on your company's supply chain, sales revenue, and reputation.
A supplier network fraying at the edges can eventually break down into a full-blown disruptive crisis. With global debt soaring, daily bankruptcy risk evaluation is a must.
For J. C. Penney Company, Inc., CreditRiskMonitor's proprietary subscriber crowdsourcing is indicating negative sentiment and matches the high-risk assessment of the retail giant provided by the FRISK® score.
Optimal assessment of public company bankruptcy risk requires the balanced, holistic analysis provided by the FRISK® score.