Leveraging AI for accurate private company bankruptcy risk assessment, we have been successful in predicting 70% of bankruptcies thus far in 2019 (Q1 through Q3) with the PAYCE® score.
Canadian oil & gas titan Bellatrix Exploration Ltd. suffered under the weight of tremendous debt, keeping their FRISK® score pinned down before eventual bankruptcy.
Public company financial risk is higher than it has ever been, and the weakest links in your supply chain may lead to costly, time-consuming problems.
They paid their bills on time right up until the day they filed for Chapter 11 bankruptcy protection. If you're in oil & gas, spotting risk within Sanchez Energy Corporation would have required deeper drilling.
If you work in the volatile oil and gas industry, not a single day should go by where you do not have a read on corporate credit risk. It could save your company millions in the long run.
Risk professionals who did not heed CreditRiskMonitor and strikingly low daily FRISK® scores for Weatherford International plc failed to see it's true bankruptcy potential.
CreditRiskMonitor’s assessment of the U.S./Canadian E&P industry reveals that about two-thirds of operators are financially distressed and have higher-than-average risk of bankruptcy.
Houston-based Halcón Resources Corporation is the latest North American energy company to meet bankruptcy in 2019. Their weak liquidity, lack of working capital and excessive corporate overhead all ultimately proved too much to keep Chapter 11 at bay.
Leveraging AI for accurate private company bankruptcy risk assessment, we were successful in predicting 70% of bankruptcies thus far in 2019 with the PAYCE® score.
CreditRiskMonitor currently estimates that financial losses stemming from U.S. public company bankruptcies alone will be in excess of $1.1 trillion, a greater figure than what was lost during the Great Recession.
The global economy appears to have deteriorated in a significant way during 2019 given the trends in negative yielding debt.