In the News

February 20, 2018

Is IFRS 9 shaking up U.S. activity to adopt CECL?

February 20, 2018

While the U.S. rules don’t take effect for a few year more, the implementation of similar international rules has acted as a wake-up call among U.S.-based entities in the financial services sector, says James Gellert, CEO of ratings firm RapidRatings. “We’re seeing a tremendous amount of activity MORE

February 8, 2018

Carillion’s liquidation reveals the dangers of shared sourcing

February 8, 2018

While Carillion's situation may be isolated to the U.K., it does bring to light a bigger issue in supply chains around the globe: the construction industry's sharing of suppliers. Carillion's liquidation could be the first domino in a series of bankruptcies and liquidations for the industry, as many MORE

January 29, 2018

How Sears CEO Eddie Lampert May Come Out Ahead, Even If Retailer Dies

January 29, 2018

"I would be surprised if we're having this conversation at the end of 2018," said James Gellert is the Chairman and CEO of RapidRatings, a financial health ratings firm, when asked whether Sears could hang on for another year using the tactics its implemented so far, namely with a drip-drip-drip liquidation MORE

January 18, 2018

Banks brace for CECL standard

January 18, 2018

Financial institutions are getting ready for the Financial Accounting Standards Board’s new credit loss standard, though some are dragging their heels, even as the effective date approaches. “There are some banks that we’ve been hearing talk in the marketplace that really seem to be on top of things, MORE

December 21, 2017

GOP Tax Plan Not as Ominous to Renewable Energy

December 21, 2017

James Gellert, Chairman & CEO of RapidRatings, says the tax bill could influence which renewable energy projects get funded. Like any industry, some firms are in better shape than others, and RapidRatings is in the business of evaluating their short-term financial outlook and long-term health. MORE

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