Thomas Cook and Virgin Australia, two massive airliners, have filed bankruptcy. Could American Airlines be next?
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Credit professionals relied upon CreditRiskMonitor’s High Risk Reports to stay several steps ahead of failure, as 2017 was full of high-profile bankruptcy cases in the corporate world which were well-known to subscribers before they hit.
Coronavirus cases are surging in several countries, which has negatively impacted both sovereign and public company credit risk.
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.
CreditRiskMonitor's FRISK® score continues to outperform other risk scores in 2020 by appropriately distinguishing which public companies are low, medium, and high risk.
The FRISK® score cuts through the “cloaking effect” by identifying financially stressed companies with a differentiated and proprietary method that doesn't rely on payment history.
With summer at an end, 2020 has already been an extreme year for financial risk analysis, with more to come as North American public companies approach Q4 in tenuous positions.