Watch out! Mike & Jerry examine a phenomenon that, more and more, is haunting the portfolios CreditRiskMonitor clients: "zombie" companies, or firms unable to service their interest expenses. Following record-breaking commercial bankruptcies two years ago in the wake of COVID-19, central banks worldwide intervened to accommodate credit markets and suppress borrowing rates, alleviating financing pressures on corporations. Reaction to one pandemic has arguably given way to another crisis altogether.
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Net Loss: Mile-high WiFi provider Global Eagle Entertainment Inc. has gone bankrupt, which is something our FRISK® score predicted could happen.
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.
Our subscribers have been wired into the potential for bankruptcy in Exela Technologies, Inc. This may be your last chance to review them and make a strong, proactive financial risk decision.
CreditRiskMonitor® is pleased to announce it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
Bankruptcy is the biggest faux pas in fashion retail. What factors drove iconic women's clothing store Francesca's towards a Chapter 11 filing? We explore.