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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Central banks worldwide are suppressing borrowing rates to accommodate credit markets, trying to alleviate financial pressures on corporations. This is creating a surge of "zombie companies," or firms that are staying alive in spite of their inability to service interest expenses.
In the COVID-19 age, institutional investors and CLO managers have reined in their appetite for incremental leveraged loan issuance. Corporate borrowers, as consequence, are bearing the brunt of this fallout.
CreditRiskMonitor takes a look back at the biggest bankruptcies of 2018 and the advanced Intel we provided our subscribers about companies before their Chapter 11 filings, headlined by the Sears Holdings Corporation.
With the PAYCE® score providing a substantial uplift compared to traditional trade payment analysis, more and more risk professionals are adding the bankruptcy model into their workflows and processes.
SupplyChainMonitor provides vendor risk assessment and the uncovering of growth opportunities in complex supply chains. EV batteries are just one example.
Ferrellgas Partners, L.P. is a good example of what to look for as a financial counterparty spirals toward bankruptcy, seeking out court protections.
The decline and demise of oil services giant McDermott International, Inc. was missed by many due to an unwise reliance on trade payment data analysis. When it comes to public companies and bankruptcy prediction, payment data doesn't work.
Armed with CreditRiskMonitor’s SupplyChainMonitor product, procurement teams worldwide are restructuring by onshoring, nearshoring, and avoiding increasingly risky countries.