Our bankruptcy case study of FAT Brands, parent company of Johnny Rockets, shows that the FRISK® Score flagged elevated bankruptcy risk more than a year before the filing. The FRISK® Score identified elevated bankruptcy risk 12 months prior to its filing. Most importantly, crowdsourced intelligence triggered a downgrade to a FRISK® Score of "1" using insights from the credit community, including risk professionals from nearly 40% of the Fortune 1000.
Resources
Stay Ahead With In-Depth Analytics on Public And Private Companies
Powered by crowdsourcing and deep neural network technology, CreditRiskMonitor® uses two proprietary scores – FRISK® and PAYCE® – to more accurately predict financial risk at public and private companies, respectively.
Independent oil and natural gas exploration leader California Resources Corporation has seen its FRISK® score bottom out. The time has come for trade creditors to pay close attention.
Net Loss: Mile-high WiFi provider Global Eagle Entertainment Inc. has gone bankrupt, which is something our FRISK® score predicted could happen.
Ultra Petroleum Corporation has filed for Chapter 11 protection for the second time in four years, torpedoed in large part by persistently weak natural gas prices.
Cloud management services provider Tintri, Inc.'s elevated bankruptcy risk was signaled well in advance by our proprietary FRISK® score.
When the soda machine eats your money, you get frustrated. When a machine vendor like Frigoglass S.A. racks up major debt, creditors must adjust fast before the machine gobbles up millions in extended credit, never repaid in full.
The seismic data survey industry appears to be sinking; can Norwegian company PGS ASA stay afloat in 2021 in the midst of an oil price crisis?