News Coverage

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

November 8, 2017

Many Banks Unprepared for FASB’s New Credit Loss Standard

November 8, 2017

The Financial Accounting Standards Board’s new standard on accounting for credit losses will require some major changes for banks, particularly smaller ones, as well as many companies that provide loans. RapidRatings helps banks implement CECL at the corporate level and recently launched a new Term MORE

November 1, 2017

In Procurement Circles, a Company is Only as Good as its Network of Suppliers

November 1, 2017

Supply chain resilience and business continuity are close cousins. If one sputters, the other is immediately placed at risk. To avoid disruptions in business continuity, supply chain-induced risk events (such as products that are delivered late or products that, once delivered, are found to be defective) MORE

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