With inflation at a 40-year high and interest rate hikes beginning to be implemented, more and more overleveraged companies with sinking FRISK® scores are in greater danger of bankruptcy in 2022.
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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.
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.
In a recent webinar with leading credit experts, CreditRiskMonitor CEO Jerry Flum noted that a world built on nonfinancial corporate debt is susceptible to mass bankruptcy in the wake of the COVID-19 pandemic.
With inflation running hot, the U.S. Federal Reserve has embarked on a rate hike agenda. Financially weak companies with material near-term maturities are struggling and, in some cases, bankruptcy could be imminent.
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.
The FRISK® score routinely identifies zombies across all industries. In fact, total high-risk companies worldwide have increased by nearly 50% since October 2021, which indicates another wave of bankruptcies is on the horizon.