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.
Resources
Stay Ahead With In-Depth Analytics on Public And Private Companies
The FRISK® score routinely identifies zombies across all industries. In fact, total high-risk companies worldwide have increased by nearly 50% since October 2021, which indicates another wave of bankruptcies is on the horizon.
In preparation of future bankruptcies, credit professionals are using CreditRiskMonitor’s Credit Limit Ranges solution for automated monitoring on the size of credit lines.
CreditRiskMonitor's PAYCE® score is providing advanced warning on some high-profile private company bankruptcies already in 2023, with Simmons Bedding Company at the top of the list.
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.