Creditsafe Launches a COVID-19 Impact Score to Help Companies Identify Risk areas within Their Portfolio
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Creditsafe Launches a COVID-19 Impact Score to Help Companies Identify Risk areas within Their Portfolio

Creditsafe Launches a COVID-19 Impact Score to Help Companies Identify Risk areas within Their Portfolio

Due to global economic conditions, almost 30% of businesses in the United States are facing imminent catastrophic financial disruption.

ALLENTOWN, PA, April 9, 2020

Knowing that business uncertainty is at unprecedented levels, Creditsafe USA challenged its expert team of data scientists to provide assistance to businesses understandably concerned and uneasy. By analyzing over 40 Million US companies, Creditsafe created the COVID-19 Impact Score which is designed to help businesses identify risk areas within their customer and supply chain portfolios. To maximize the benefit of the initiative, they have made this resource available for free to every U.S. business. 

The Impact Score was developed using a combination of macro and micro economic indicators, federal, state, and local data, combined with real-time payment and other information. The Creditsafe Covid-19 Impact Score grades the likely disruption to any business on a simple scale ranging from A – very low risk of disruption through to E – very high risk of catastrophic disruption. Creditsafe’s analysis of the nation shows that almost 30% of U.S. companies are likely to face considerable disruption within the next 90 days.

The Impact Score differs from Creditsafe's core risk score, which predicts the likelihood of bankruptcy or severe delinquency in the next 12 months and should be used as an additional guidance indicator in these difficult times. 

"Credit managers and other financial professionals can use this data to identify risk areas within their portfolios quickly. To give just one interesting example, it’s well known that airlines are struggling right now however, our analysis is showing that charter flights are in high demand and are not likely to be nearly as impacted."


Matthew Debbage
CEO of Creditsafe Asia and Americas

Debbage was also quick to emphasize how the Creditsafe Covid-19 Impact Score should be used by businesses. 

"It's Imperative to recognize that this score should be used alongside our existing core risk score as a supplementary tool. Although we are in unique times, they do not overwrite the fundamentals of business and our experience through previous crises shows that our underlying prediction model remains a solid foundation for making business decisions. We have very deliberately not made any rash moves to rewrite our core score and are thereby continuing to support those strong companies that will be helping to rebuild our economy when this is all over, while also providing a valuable guide as to the virus's potential effect."


Matthew Debbage
CEO of Creditsafe Asia and Americas

You can learn more about the COVID-19 Impact Score or request a Portfolio Health Review through the Stay Safe Program.

About the Creditsafe Group

Creditsafe's global database is one of the most rapidly expanding and comprehensive in the industry, updated over a million times a day with information gathered from thousands of sources. Each day over 250,000 users around the world leverage the company's database to make more than 450,000 business decisions with ten Creditsafe Group reports downloaded every second.

Privately owned and independently minded, Creditsafe is looking to change the way business information is used by providing high-quality data in an easy to use format to empower organizations to make smarter business decisions.