Gain unique insights into the business and financial decline that precedes bankruptcy - and how our solutions can help predict bankruptcy amongst your company's counterparties.
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.
With an enduring COVID-19 pandemic both weakening crude oil prices globally and sinking their revenue, Basic Energy Services, Inc. has opted for bankruptcy protection for the second time in five years.
Trouble Down Under? Metal mining equipment and services operator Boart Longyear Limited filed a Chapter 15 bankruptcy petition to gain recognition of its Scheme of Arrangement proceeding with primary interests in Australia.
For the second time in four years, Seadrill Limited is bankrupt. The company is the latest in a series of offshore rig firms to seek court protection from creditors following spending cuts by the energy sector in wake of the COVID-19 pandemic.
After more than a century in business, the national discount department store Stein Mart, Inc. has filed for Chapter 11 protection. The coronavirus continues to provide a debilitating headwind towards the retail sector.