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.
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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.
CreditRiskMonitor leverages artificial intelligence, generates analytics, and provides actionable insights with the PAYCE® score for accurate private company bankruptcy prediction.
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.
The COVID-19 pandemic swiftly delivered hundreds of bankruptcy filings in 2020. Here in 2022, geopolitical tensions, supply chain challenges, and tightening credit conditions could lead to a similar devastating outcome.
Optimal assessment of public company bankruptcy risk requires the balanced, holistic analysis provided by the FRISK® score.
Sanctions have delivered significant financial stress to the Russian government and corporations alike. Overall, many Russian companies have dropped into – or have sunk further down into – the FRISK® score red zone, indicating heightened financial stress and corporate failure risk.
Credit professionals use CreditRiskMonitor®’s Trade Contributor Program to gain quality, real-time insights into their accounts receivable portfolio. We collect in excess of $2 trillion in trade data annually from our trade providers. After processing this data, we work with credit professionals to be more proactive and tactical with their accounts receivable to make healthier business decisions.
More than a decade after the Great Recession, the reality remains that as patterns of credit cycles are historically predictable, you can't ever let your guard down as a financial risk assessor.