Credit professionals relied upon CreditRiskMonitor’s High Risk Reports to stay several steps ahead of failure, as 2017 was full of high-profile bankruptcy cases in the corporate world which were well-known to subscribers before they hit.
Frontier and Windstream have reported poor customer retention and experienced pricing weakness over the last few years, resulting in earnings decline. The most telling sign is the concern exhibited through our proprietary subscriber crowdsourcing data.
Three multi-billion dollar Chinese companies - Yingli, MIE and Ji Lin - each have a highly leveraged capital structure and, if not addressed, could find themselves on the path of corporate failure.
Mike Ellis, head of Accounts Receivable Risk and Reporting for Anixter, leverages data from CreditRiskMonitor to avoid risk for his $7.6 billion company.
Moody’s downgraded China’s debt rating from Aa3 (S&P: AA-) to A1 (S&P: A+) in May 2017, given widespread expansion of debt in addition to its expectation of slowing economic growth.
SolarWorld AG (ETR: SWVK), one of the largest German-based solar product manufacturers, recently filed for insolvency. Management announced that this unfortunate outcome resulted from ongoing product price erosion, coupled with its cumbersome debt load.
Supplier financial distress can blindside procurement, and disrupt operations. Here are five helpful supplier management strategies, to help you ward off disruption.
What do Westinghouse Electric, General Motors (NYSE: GM), Chrysler, Pacific Gas & Electric (NYSE: PCG), and Kodak (NYSE: KODK) have in common?
Global solar panel prices appear to be stabilizing after falling off a cliff in 2016. This respite is a welcome relief for solar manufacturers around the world.
Credit professionals need to expedite all the tasks involved in managing financial risk. Automation helps, but it takes more than tools to get the job done.