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Case Studies
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Celanese
Read how Global Credit Manager Mark Walker was able to avoid bankruptcies and manage risk globally at Celanese, a $6.8B chemical conglomerate
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Sysco
Robin Walters, Global Manager, Corporate Credit Risk at Sysco, the world's largest food services distributor, uses CreditRiskMonitor as her essential ingredient for managing public company risk. Read why.
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Typical Bankruptcy Filings
The PDF files below present case studies of typical bankruptcy filings by public companies, selected because these firms were of interest to our clients.
In nearly every case, a low Altman Z'' score gave our subscribers very early warning that trouble was brewing, usually more than a year in advance.
As time went on, most companies showed continuing decline evident from the content of the news alerts that we sent to our subscribers (resignations, asset sales, "going concern" opinions, late SEC filings, etc.), and from the deterioration of their financial results.
Typically in these examples, a sharp decline in CreditRiskMonitor's proprietary FRISK® score to a very risky rating of 4 or below occurred 3-9 months before the company filed for bankruptcy protection.
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