CreditRiskMonitor currently estimates that financial losses stemming from U.S. public company bankruptcies alone will be in excess of $1.1 trillion, a greater figure than what was lost during the Great Recession.
The global economy appears to have deteriorated in a significant way during 2019 given the trends in negative yielding debt.
Brexit uncertainty has broadly reduced business confidence in the U.K. and future operating performance may be affected, regardless of which way the final Brexit decision goes.
Although the story can be significantly different for every single public company that finds itself faced with bankruptcy, there's one familiar trend: payment data repeatedly misses the risk.
High-profile Hexion Inc. has met bankruptcy after years of racking up debt while paying their bills on time to avoid backlash from creditors.
Over the last two completed calendar years, CreditRiskMonitor's FRISK® score was able to predict U.S. public company bankruptcy at a near 98% rate of success.
CreditRiskMonitor's global coverage pinpoints risky companies in Italy, and now is the time to act before another falls into corporate failure.
Ohio-based chemical giant Hexion, Inc. has seen it's FRISK® score stay sunk at a bottom-dwelling "1" for more than two years, indicating tremendous potential bankruptcy risk.
A contraction in credit is not something that might occur: It will happen at some point. Risk professionals dealing with the chemical manufacturing industry are better off preparing now, while economic conditions are still strong.
When something stinks with public companies, we know best. The fertilizer market in both China and India are both rife with odious companies at heightened risk of bankruptcy.
In the steel industry, major players AK Steel Holding Corporation and Steel Dynamics, Inc. are two examples of public companies with markedly different financial situations in 2018.
A recent study of the last two completed calendar years showed that CreditRiskMonitor's FRISK® score was able to predict U.S. public company bankruptcy at a 97.9% rate of success.