Creditsafe USA, an Allentown-based company that provides company credit reports for businesses throughout the globe, has now created a COVID-19 Impact Score. The new scoring system is designed to help businesses identify the risks the coronavirus epidemic poses to their bottom line.
Developed by a team of data scientists through an analysis of 40 million US companies, the COVID-19 Impact Score is available for free to every U.S. business, according to Creditsafe.
Scores grade the likely disruption to any business on a scale ranging from A, a very low risk of disruption through to E, a very high risk of catastrophic disruption.
According to Creditsafe, their analyses show that almost 30% of U.S. companies are likely to face considerable disruption within the next 90 days due to the coronavirus pandemic.
“Credit managers and other financial professionals can use this data to identify risk areas within their portfolios quickly,” said Matthew Debbage, CEO of Creditsafe USA. “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.”