The CreditRiskMonitor^® Blog

Commercial bankruptcy filings trended higher in 2024, with FRISK^® Scored bankruptcies reaching 215 – an increase from 191 in 2023. For eight years, the FRISK^® Score demonstrated 96% accuracy in predicting bankruptcy.

A dormant debt powder keg ignited in 2023; as bankruptcies continue to explode in 2024, risk professionals must set into motion a multi-faceted approach to financial risk evaluation.

With escalating geopolitical tensions and heavy sanctions hitting Russia and China, corporations are sourcing alternative suppliers from other countries.

Now is the time for anyone who has neglected establishing a strong credit culture to learn how to best sound the alert, arming yourself with CreditRiskMonitor’s offerings.

SupplyChainMonitor forewarned of Yellow Corporation’s high bankruptcy risk via the FRISK® score, all while our peer analysis within SupplyChainMonitor provided clients with the tools to find the best trucking alternatives to prevent future disruptions.

Bankruptcy filings are dramatically increasing in 2023; several large Chapter 11s have been accurately predicted already with the aid of our exclusive crowdsourcing data input, made available only to CreditRiskMonitor subscribers.

With more than 1,000 Chinese businesses already facing global sanctions, supply chains are rapidly reorganizing supplier footprints due to severe country-related business risks.

What are the root causes of the failure of risk models to provide adequate warning? After nearly 25 years of company operation and observation, CreditRiskMonitor® has identified four common problems among competing risk models.

A recent IMF report has highlighted a surge in instability within nonfinancial corporations. As the potential for mass economic failure mounts, CreditRiskMonitor is providing the daily markers that effectively signal on the counterparties in your portfolio that hold the most extreme bankruptcy risk potential.

In preparation of future bankruptcies, credit professionals are using CreditRiskMonitor’s Credit Limit Ranges solution for automated monitoring on the size of credit lines. 

Armed with CreditRiskMonitor’s SupplyChainMonitor product, procurement teams worldwide are restructuring by onshoring, nearshoring, and avoiding increasingly risky countries.