Telecom leader Windstream Holdings, Inc. paid their bills on time right up to their bankruptcy filing – while payment data analysis missed their troubles, our proprietary FRISK® score noted their elevated risk level for years.
The Arkansas-based company checked in as a "1" within the FRISK® score "red zone" of elevated bankruptcy risk. The FRISK® score is 96% accurate in predicting U.S. public company financial stress within a 12-month horizon:
This Bankruptcy Case Study takes a deeper look into why Windstream Holdings, Inc. ultimately failed to stay financially solvent. Further, we point out that while the company was tanking in our bankruptcy risk rankings, credit or procurement managers who relied on payment data to determine Windstream's health ran an incredible risk of being blindsided by this bankruptcy when it was filed on Feb. 25, 2019.
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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.