1. protection…
has filed for bankruptcy
Quebecor World onitor tracked th
is trend!
editRiskM
let’s see how Cr
(845) 230-3000
CreditRiskMonitor info@crmz.com
QuebecorWorld_case_Jan08 Copyright 2008 CreditRiskMonitor, Inc.

2. signaling
The Altman Z’’ was a
trouble back in 2005…
A B C
Financial
reports are
filed
ved to a risky “4” in periodically,
The FRISK2 score mo
for action! but the
November 2007… time
FRISK2 is
daily
A
B C
Want an
automatic alert
when this is
happening?
Try our Credit
Limit Service.
(845) 230-3000
CreditRiskMonitor info@crmz.com
QuebecorWorld_case_Jan08

3. … plus, look at the news alerts you would have seen…
re you
And… Bankrupt… we
ation?
part of a pre-negoti
es
Downgrad Delisting
ings
& low rat review
“Could
breach
covenants,
face
insolvency”
“Will not
proceed
with sale
”
of assets
“Suspends
preferred
dividend”
ws
“Withdra
g
Refinancin
Plan”
(845) 230-3000
CreditRiskMonitor info@crmz.com
QuebecorWorld_case_Jan08

4. Leverage Ratios:
… need more depth? Look at the
more and more negative
growing debt, shrinking equity,
to-equity ratio…
tangible net worth, rocketing liabilities-
(845) 230-3000
CreditRiskMonitor info@crmz.com
QuebecorWorld_case_Jan08