Unless there is a rapid economic recovery, more retailers are going to go the way of J. C. Penney, Pier 1 Imports, Neiman Marcus and J.Crew. That is: bankruptcy.
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Property development represents about 30% of China’s GDP. Ongoing defaults could eventually convert into bankruptcy filings that would shake up the industry - and subsequently rock markets in the West.
Deep cracks are surfacing in global corporate debt markets. The timing of corporate bankruptcies is always difficult to predict, yet FRISK® score trends show that the odds of a bankruptcy wave have measurably increased.
Coronavirus cases are surging in several countries, which has negatively impacted both sovereign and public company credit risk.
In a pandemic period when major public company bankruptcies are hitting hard daily, reliance on payment performance and/or financial statement analysis provides a whole new slew of dangers.
CreditRiskMonitor's FRISK® score continues to outperform other risk scores in 2020 by appropriately distinguishing which public companies are low, medium, and high risk.
A look at our FRISK® Stress Index shows that there are more than 30 large-scale public companies within the restaurant industry at heightened risk of bankruptcy in 2019.
The FRISK® score cuts through the “cloaking effect” by identifying financially stressed companies with a differentiated and proprietary method that doesn't rely on payment history.
With summer at an end, 2020 has already been an extreme year for financial risk analysis, with more to come as North American public companies approach Q4 in tenuous positions.