Mexican department store chain Grupo Famsa SAB de CV has met bankruptcy, hammered by a huge drop in sales due to COVID-19.
The company's FRISK® score, which is 96% accurate in predicting public company bankruptcy with a 12-month horizon, had been at a "1" for more than a year:

So what does having a FRISK® score of "1" actually indicate? It means that if you had this company in your portfolio, each day represented a 10-to-50x greater probability of a bankruptcy filing than the average public company.
We strongly recommend that if you conduct any business with a counterparty at a "1," you immediately review their most recent financials and get in touch with us: 845.230.3000.
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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.