ACCI Video Conference with Patrick Coghlan, CEO, CreditorWatch and James O’Donnell, Managing Director, Open Analytics launching the CreditorWatch Business Risk Index

The CreditorWatch Business Risk Index (BRI) is a new economic indicator that provides unique insights into the health of Australian businesses by region. It draws on a wide range of data points to produce a dynamic measure of future insolvency risk for 338 regions across Australia. Each region is ranked from best to worst in terms of the potential for businesses in the region to become insolvent. The index can also measure the potential for insolvency risk at a state, street, suburb and individual business level.

ACCI in conjunction with CreditorWatch held a video conference to launch the CreditorWatch Business Risk Index (BRI) with Patrick Coghlan CEO, CreditorWatch and James O’Donnell Managing Director, Open Analytics CreditorWatch Business Risk Index creator and analyst.

The CreditorWatch Business Risk Index (BRI) ranks each region on a scale from zero to 10, where 10 represents the best credit quality regions, that is, the lowest risk of insolvency, and zero represents the weakest credit quality regions, that is, the highest insolvency risk.

This is the first time forward-looking insolvency risk has been measured in this way. The BRI provides a regional credit rating analogous to the credit ratings CreditorWatch assigns to each Australian business.

At this video conference Patrick Coghlan and James O’Donnell furthered explained the CreditorWatch BRI and its unique features in assessing insolvency risk.

A very important tool for business to use across Australia. For more information, please go to https://lnkd.in/gVDanWzc