RetailDive recently set out to compile a list of distressed retailers at risk of bankruptcy, using data provided by CreditRiskMonitor's proprietary FRISK® score. In this podcast, author Ben Unglesbee discusses his findings in advance of the 2019 holiday season.
Our subscribers who had global travel giant Thomas Cook Group plc in their portfolios as the company's debt soared and working capital eroded were provided ample time to sidestep financial risk thanks to the FRISK® score.
For Apple, providing capital support to its supply chain is an option, but for most companies bailing out critical suppliers is not financially feasible, let alone an option on the table. Is your supply chain secure?
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.
Pamela Danziger of Forbes cites CreditRiskMonitor FRISK® score data to identify at-risk retailers during a sweeping restructure of the physical retail sector.
Retail Dive's Cara Salpini takes a look at the 12 retailers walking a dangerous line toward bankruptcy in 2019, citing CreditRiskMonitor's FRISK® score.
Telecom leader Windstream Holdings, Inc. paid their bills on time right up to their bankruptcy filing – while payment data analysis missed their troubles, the FRISK® score noted their elevated risk level for years.
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.
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.
Financial risk is very real in public companies. If you're not a CreditRiskMonitor subscriber, you're missing out on the insights from the largest virtual credit group on the planet.
U.S.-based mining outfit Westmoreland Coal Company filed for Bankruptcy in Oct. 2018, unable to service it's debt load once loanable collateral had been exhausted.
