More than 145,000 businesses suffered a risk downgrade in the March quarter 2011 as rising payment terms and a weaker than expected outlook for sales and profits put pressure on cash flow. And in a sign that the risk outlook for many businesses will deteriorate further interim results for the June quarter 2011 reveal more than 62,000 firms were downgraded in April and May.
These are the findings from Dun & Bradstreet’s Corporate Health Watch that examines the risk profile of Australian firms. Dun & Bradstreet provides risk ratings on more than 195 million companies around the world, including three million credit active entities in Australia.
To read the full story click on the link: Australian Risk Climate – Business risk downgrades worse than during financial crisis