Tick tock. WeWork Inc. carries over $21 billion in debt and reported $5 billion in net losses in the past year. This real-estate giant with more than 700 property locations worldwide is increasingly distressed.
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Brazil, the eighth-largest economy in the world, has experienced an anemic recovery from its 2014 recession. Amid currently poor business conditions, corporations with high financial risk should be carefully monitored.
Frontier and Windstream have reported poor customer retention and experienced pricing weakness over the last few years, resulting in earnings decline. The most telling sign is the concern exhibited through our proprietary subscriber crowdsourcing data.
The helicopter industry has seen three major bankruptcies in the last few years. Could we see a fourth? Unsecured creditors should take heed.
With concerns surrounding China’s economy and the sharp decline in the Baltic Dry Index, risk professionals should be vigilant in monitoring the changing conditions in the shipping industry.
The Federal Reserve recently voiced concerns about excessive corporate financial leverage - and risk management departments need to take heed.
With economies around the world on the brink of recession, or already in one, any professional monitoring financial risk needs to establish proper oversight now before commercial bankruptcies wreak greater havoc upon their portfolio.
CreditRiskMonitor warned of the increased bankruptcy risk at newspaper owner McClatchy Company for more than a year before their Chapter 11 filing in February 2020. Yet McClatchy Company is not an isolated case and risk professionals should be monitoring other news provider outlets closely.
Frontier Communications’ deteriorating business fundamentals have been ongoing for years now, and CreditRiskMonitor’s subscriber crowdsourcing has provided an important high-risk signal in the last few quarters.