A popular technology solutions provider to the energy sector, Houston-based McDermott International, Inc. has met Chapter 11 bankruptcy - a fate which wouldn't have surprised vigilant CreditRiskMonitor subscribers.
As the likelihood of an economic downturn continues to intensify, public companies across cyclical industries like trucking should be monitored closely.
Baby bankruptcy boom: American retailer Destination Maternity Corporation has met Chapter 11. Our suspicions about their heightened financial risk, however, were born more than a year before their filing.
As the fallout from one of the biggest bankruptcies of 2019 begins to settle, we see that credit and procurement professionals who evaluate risk in public companies as a habitual practice are proving to be the best at avoiding unnecessary exposure.
CreditRiskMonitor’s FRISK® Stress Index shows elevated financial risk within the global steel manufacturing industry, including big-time players in Schmolz + Bickenbach and ArcelorMittal.
Chinese factory activity has contracted for six consecutive months as CreditRiskMonitor observes that there are more than 1,100 public companies showing signs of elevated financial risk across China and Taiwan.
CreditRiskMonitor Warning: Extending credit to tobacco purchasing company Pyxus International, Inc. going forward may be hazardous to your company's health.
Leveraging AI for accurate private company bankruptcy risk assessment, we have been successful in predicting 70% of bankruptcies thus far in 2019 (Q1 through Q3) with the PAYCE® score.
