The giant film rental chain “BLOCKBUSTER” will file for bankruptcy protection possibly in mid September according to a Los Angeles Times report (link). The report stated that BLOCKBUSTER would shut thousands of stores across the United States and of course thousands of job losses. The company will try to restructure its debts and try to remain in business.
Was this a surprise? Well, the MORE ratings say no!!! As an objective, transparent; and predictive tool MORE ratings have seen this bankruptcy’s coming “in advance”.  In advance; because the MORE ratings’ evaluation from 2008 to 2010 exhibits the picture quite clearly. The company’s ratings have deteriorated regularly since 2008 and finally became “CC” in 2010 (please donwload the Credit Report link)
modeFinance evaluates companies objectively in terms of their financial &economic performances from a financial analyst’s perspective. Please follow our activities to be informed about companies’ future!

Thanks to the innovation of the products and the partnership with Bureau Van Dijk, on 24/09/2010  modeFinance will be present on the "Symposium on Rating Methodology" at the Steigenberger Hotel in Augsburg (Germany).

The talk of modeFinance will be: "MORE ratings based on BvD data: Objective, transparent and complete rating evaluation for SME’s and big companies".

For every information, please follow the link (here) with the symposium agenda , and (here) with the information of the symposium organizer.