Bankruptcy was Frontier Communications Corporation's endgame. But how did a company that always paid its bills on time suddenly go bust?
Frontier Communications first hit our radar in 2017, when we published a High Risk Report on the U.S.-based tech leader. The company's FRISK® score, indicative of heightened public company bankruptcy risk, was mired down at a rock-bottom "1," for more than a year's time before their Apr. 14, 2020 Chapter 11 filing:
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About Bankruptcy Case Studies
CreditRiskMonitor® Bankruptcy Case Studies provide post-filing analyses of public company bankruptcies. Our case studies educate subscribers about methods they can apply to assess bankruptcy risk using our proprietary FRISK® score, robust financial database, and timely news alerts.
In nearly every case, a low FRISK® score gave our subscribers early warning of financial distress within a one-year time horizon. Our proprietary FRISK® score predicts bankruptcy risk at public companies with 96% accuracy. The score is formulated by a number of indicators including stock market capitalization and volatility, financial ratios, bond agency ratings from Moody’s, Fitch and DBRS, and crowdsourced behavioral data from a subscriber group that includes 35% of the Fortune 1000 and thousands more worldwide.
Whether you are new to credit analysis or have decades of experience under your belt, CreditRiskMonitor® Bankruptcy Case Studies offer unique insights into the business and financial decline that precedes bankruptcy.