Today, bond rating agencies are downgrading corporate credit at a faster pace than any point in the last decade. The coronavirus has sapped product and services demand and disrupted global supply chains.
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As the coronavirus (COVID-19) sends shockwaves through the stock market and the world at large, it has also greatly upped the financial risk potential for automotive, technology, healthcare, chemicals, and many other industries.
China’s non-financial corporate debt-to-GDP is the highest in the world at 160%, and corporate defaults are now running at a record pace.
CreditRiskMonitor recently published a High Risk Report on troubled Cooper-Standard Holdings Inc. This detailed report will provide five quick and important facts that you need to know about this OEM auto industry supplier.
The FRISK® score is a game-changing tool that combines several key inputs to assess bankruptcy risk. Here’s how credit manager crowdsourcing play a role.
Bankruptcies were triggered at a feverish rate in Q2 2020; the reprieve, one year later, feels more like a crisis delayed than dismissed. Keep up a strong credit culture.
A contraction in credit is not something that might occur: It will happen at some point. Risk professionals dealing with the retail sector are better off preparing now, while economic conditions are still strong.
From the start of the coronavirus pandemic, CreditRiskMonitor subscribers have experienced an increase in public company FRISK® scored corporate failures* throughout North America.
As default rates are rising, creditors are receiving rock bottom recoveries on their debt. Trade credit is even more vulnerable, likely to accept pennies on the dollar.