While COVID-19 provided the final push to propel Neiman Marcus Group LTD LLC into a Chapter 11 filing, a long history of leveraging up gave our subscribers ample time to reduce exposure to this retail giant.
To see that risk, one can simply look at the company's FRISK® score progression over the course of the last 18 months and see the ever-present danger:
The 96%-accurate FRISK® score blends stock market volatility data, financial ratios like the Altman Z"-Score, bond agency ratings from Moody's, Fitch and DBRS Morningstar and, finally, subscriber crowdsourcing to create a metric that's elite in predicting public company bankruptcies like Neiman Marcus.
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About Bankruptcy Case Studies
CreditRiskMonitor® Bankruptcy Case Studies provide post-filing analyses of public company bankruptcies. Our case studies educate subscribers about methods they can apply to assess bankruptcy risk using our proprietary FRISK® score, robust financial database, and timely news alerts.
In nearly every case, a low FRISK® score gave our subscribers early warning of financial distress within a one-year time horizon. Our proprietary FRISK® score predicts bankruptcy risk at public companies with 96% accuracy. The score is formulated by a number of indicators including stock market capitalization and volatility, financial ratios, bond agency ratings from Moody’s, Fitch and DBRS, and crowdsourced behavioral data from a subscriber group that includes 35% of the Fortune 1000 and thousands more worldwide.
Whether you are new to credit analysis or have decades of experience under your belt, CreditRiskMonitor® Bankruptcy Case Studies offer unique insights into the business and financial decline that precedes bankruptcy.