The FRISK® score routinely identifies zombies across all industries. In fact, total high-risk companies worldwide have increased by nearly 50% since October 2021, which indicates another wave of bankruptcies is on the horizon.
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Stay Ahead With In-Depth Analytics on Public And Private Companies
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In preparation of future bankruptcies, credit professionals are using CreditRiskMonitor’s Credit Limit Ranges solution for automated monitoring on the size of credit lines.
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CreditRiskMonitor's PAYCE® score is providing advanced warning on some high-profile private company bankruptcies already in 2023, with Simmons Bedding Company at the top of the list.
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A dormant debt powder keg ignited in 2023; as bankruptcies continue to explode in 2024, risk professionals must set into motion a multi-faceted approach to financial risk evaluation.