New Feature! High Risk Reports Provide An Early Warning of Trouble
We’ve got a new free feature at CreditRiskMonitor: High Risk Reports can help you pinpoint companies in financial distress before they cause losses in your portfolio.
With this new series, we’re focusing on companies we believe to be the most troubled, and highlight the financial risks before they fail — so professionals in credit and procurement can mitigate risk.
Here’s what you’ll find in these free High Risk Reports:
- Peer comparisons to see how the risk for one company compares to an entire sector or industry
- Quarterly performance ratios showing the vulnerabilities of the financially distressed company
- Changes in stock valuation, ratings changes, latest news and filings, and more.
All of these signals are weighed, and if they point to higher risk of bankruptcy, we let you know.
The First Report in the series: Gordmans Stores
Our first report shows deteriorating financial health at regional department store chain, Gordmans Stores.
Even as the entire bricks-and-mortar retail industry struggles, department store headwinds are increasing. As well, Gordmans is doing much worse than industry peers, and an analysis of all the relevant factors shows that a pattern of extreme financial risk is developing.
Based on a extremely low FRISK® financial risk score of '1', deep in the red zone, caution is advised. As we like to say, 'forewarned is forearmed'.
Note: The FRISK® score is re-computed every night to predict bankruptcy risk over the next 12 months. While Gordmans may improve, the definition of a FRISK® score of 1 is that the probability of that company filing for bankruptcy in the next 12 months is between 10% and 50%.
High Risk Reports: a bigger mission
We hope you find these reports helpful. Of course, we’re publishing them to provide you with timely updates and in-depth analysis for financially distressed companies that may be your counterparties. But in all candor, we have a bigger mission.
There are many bankruptcy risk factors that are easy to overlook, and we want to show you how to detect public company financial risk beforehand, with a tool that makes this easy. We hope that you’ll see how our FRISK® score predicts risk, and portfolio monitoring helps you to detect the most the most financially troubled companies in your portfolio, faster and easier.
If, with this new series, we light a spark that improves your risk management process and helps you head off the impact of an unforeseen bankruptcy in 2017, we’ll truly say “mission accomplished.” Let us know what you think about our new feature -- and how we can help you manage risk.
Get an early heads up on bankruptcy risk. Read the High Risk Report on Gordmans Stores
CreditRiskMonitor is a financial news and analysis service designed to help professionals stay ahead of public company risk quickly, accurately and cost-effectively. More than 35% of the Fortune 1000, plus thousands more worldwide, rely on our commercial credit reporting and predictive risk analytics for assessing the financial stability of more than 56,000 global public companies.
At the core of CreditRiskMonitor’s service is its 96%-accurate FRISK® score, which is formulated to predict public company bankruptcy risk. One of four key components calculated in the FRISK® score is crowdsourced subscriber activity. This unique system tracks subscribers' patterns of research activity, capturing and aggregating the real-time concerns of what are essentially the key gatekeepers of corporate credit. Other features of CreditRiskMonitor’s service include timely news alerts, the Altman Z”-Score, agency ratings, financial ratios and trends. CreditRiskMonitor’s network of trade contributors provides more than $150 billion in trade data on their counterparties every month, giving them visibility into their biggest dollar risks.