U.S.-based mining outfit Westmoreland Coal Company filed for Bankruptcy in October of 2018, unable to service it's debt load once loanable collateral had been exhausted. Earlier this year, we highlighted Westmoreland's rapid decline in a special High Risk Report. As with many High Risk Reports we publish, the company spotlighted soon after faced bankruptcy.
CreditRiskMonitor kept daily tabs on Westmoreland Coal Company in addition to more than 58,000 public companies the world over to help our subscribers stay ahead of bankruptcy risk.
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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.