Bankruptcies were triggered at a feverish rate in Q2 2020; the reprieve, one year later, feels more like a crisis delayed than dismissed. Keep up a strong credit culture.
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The energy sector is slowly working its way back from the severe demand decline in 2020 due to the coronavirus pandemic. Schlumberger N.V. and Seadrill Limited, at different ends of the risk spectrum, are prime examples that underscore the effectiveness of the FRISK® score in keeping an everyday watch on bankruptcy.
While risk analysis professionals may be tempted to use the statistical FRISK® score as a component within a different model, such as one that is rules-based, doing so may generate suboptimal results.
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.
The offshore oil and gas market remains widely depressed. Troubled outfit Hornbeck Offshore Services, Inc. has fallen to a FRISK® score of “1,” which indicates severe financial distress.
From the start of the coronavirus pandemic, CreditRiskMonitor subscribers have experienced an increase in public company FRISK® scored corporate failures* throughout North America.
With concerns surrounding China’s economy and the sharp decline in the Baltic Dry Index, risk professionals should be vigilant in monitoring the changing conditions in the shipping industry.
CreditRiskMonitor offers up five quick and important facts that you need to know about Fantasia Holdings Group to make a more solid business evaluation – or, more advisable, even an alteration of credit extension or a pivot to a peer.
As default rates are rising, creditors are receiving rock bottom recoveries on their debt. Trade credit is even more vulnerable, likely to accept pennies on the dollar.