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.
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Sears Holdings Corporation has closed underperforming stores and cut costs, yet a hedge fund controlled by company CEO Eddie Lampert is now pushing for even more forceful financial restructuring to stave off bankruptcy.
The media and financial institutions, including the Federal Reserve, underreport the proliferation of zombie firms, a frightening reality you must not ignore. Learn how you can use the FRISK® score and other CreditRiskMonitor report features to protect your company from bankruptcy-prone zombies.
Based on Neiman Marcus Group LTD LLC’s bottom-rung FRISK® score of “1,” trade creditors must perform deep financial analysis and take extra care when dealing with the company.
The senior housing industry reported a significant share of the coronavirus illness cases, causing a collapse in occupancy. A considerable population decline in assisted living facilities could deliver a slew of corporate bankruptcies in the coming year.
In the COVID-19 age, institutional investors and CLO managers have reined in their appetite for incremental leveraged loan issuance. Corporate borrowers, as consequence, are bearing the brunt of this fallout.
Today, bond rating agencies are downgrading corporate credit at a faster pace than any point in the last decade. The coronavirus has sapped product and services demand and disrupted global supply chains.
CreditRiskMonitor warned of the increased bankruptcy risk at newspaper owner McClatchy Company for more than a year before their Chapter 11 filing in February 2020. Yet McClatchy Company is not an isolated case and risk professionals should be monitoring other news provider outlets closely.
CreditRiskMonitor anticipates tighter access to credit in the years ahead and an escalation in bankruptcy filings – if we’re not heading for a recession, it may be a depression.