# Credit Risk Agent

> Assess the credit risk of any company. Nimble agents read filings, rating actions, debt news, court and lien records on the live web and return a risk call with a source for every finding.

Interactive demo: https://www.nimbleway.com/demos/credit-risk

## Assess the credit risk of any company

Research a specific company with Nimble agents that search deep across the live web, reading filings, rating actions, debt and bankruptcy news, court and lien records.

## Examples to try

- "What is the credit risk of Carvana?"
- Carvana, Peloton, Wayfair, AMC

## Set it up in your agent

The Nimble skill for this use case: https://docs.nimbleway.com/skills/credit-risk/SKILL.md

Prompt to paste into your agent:

```text
Be my credit research assistant using Nimble. Follow https://docs.nimbleway.com/skills/credit-risk/SKILL.md.
```

Get an API key: https://online.nimbleway.com/signup

## The most accurate & efficient web search for credit research

We asked Opus 5.5 credit questions about companies: latest financials, rating actions, debt events and distress signals. It ran once with each web search provider, and every answer was checked against a hand-verified ground truth. We tracked accuracy and the total cost of getting there, including search fees and tokens.

Benchmark code and data: https://github.com/Nimbleway/credit-risk-benchmark

## What you get

A dated, sourced credit picture of one company, researched on the live web: financials with their periods, ratings, debt events, payment behaviour, distress signals and ownership. It ends with a risk call (low, moderate, elevated or high) and the reasons behind it. The risk call is always shown with its reasons and sources, never alone. Fields the agent couldn't source are shown as missing.

## Modes

The demo asks what your exposure to the company is. Each mode opens with a snapshot and a risk call for its own question, then researches its sections.

| Mode | Risk question | Sections | Snapshot |
|---|---|---|---|
| Trade credit | Likelihood invoices go unpaid or are paid very late in the next 12 months | Payment record, Cash & liquidity, Distress signals, Who stands behind them, Recent news | Bill-to entity, ownership, payment record, liquidity, revenue, latest rating, plus suggested terms and what to check before you extend terms |
| Lending & private credit | Likelihood the company cannot service or refinance its debt in the next 12 months | Leverage & coverage, Debt stack & maturities, Covenants & amendments, Sponsor & ownership, Distress signals | Total debt, leverage, interest coverage, liquidity, next maturity, sponsor / owner, plus how to approach a loan and questions for management |
| Credit investing | Likelihood of default or a distressed exchange in the next 12 months | Rating actions, Catalyst calendar, Capital structure & recovery, Results & guidance, News flow | Ratings, total debt, next maturity, key catalyst, plus rating direction and what could improve or hurt the credit |
| Supplier risk | Likelihood they cannot keep supplying normally in the next 12 months | Financial stability, Operations & disruption, Distress signals, Ownership changes, Sanctions & compliance | Ownership, financial health, operations, locations, plus a recommended action and what to watch for |
| Quick credit check | Likelihood the company cannot meet its obligations in the next 12 months | Financial health, Credit ratings, Debt events, Distress signals, Payment behavior, Ownership & structure, News | Ownership, latest rating, revenue, profitability, total debt, liquidity, next maturity |

Lending and credit investing also lay out dated maturities and catalysts as a calendar.

## Inputs

| Input | Required | Example | If skipped |
|---|---|---|---|
| Company | Yes | The exact legal entity if it is a subsidiary, with a domain or ticker | - |
| Purpose | No | Lending, trade credit or a supplier check. It sets what the reasons stress | General |

## Run it yourself

The Nimble skill for this use case runs the Nimble agent template `credit-risk`: https://docs.nimbleway.com/skills/credit-risk/SKILL.md

- Create the agent once: `nimble_agents_create(template="credit-risk", agent_name="credit-risk")`
- Run it: `nimble_agents_run(agent_name="credit-risk", input="Assess the credit and counterparty risk of <Company> (<domain or ticker>). Purpose: <purpose>. Registered in <country>.", effort="medium")`
- Effort: the skill runs the template at medium effort (about 1-3 minutes), even when the template's own default is different. Ask for low, medium, high or x-high to run another.

One company per run. For a subsidiary, name the exact legal entity: the agent will not use the parent's numbers. Many mid-size companies have no public rating, and the run says so. For private companies, figures come from filed accounts or press, so check who stated them.

## When to use it, and when not to

Use it to decide whether a company can pay: before extending trade credit, lending, buying its debt or relying on it as a supplier.

- For a broader first-pass memo on a company, use Due Diligence: https://www.nimbleway.com/demos/due-diligence.md
- For sanctions, PEP and adverse-media screening of a counterparty, use KYC Screening: https://www.nimbleway.com/demos/kyc-screening.md
- For ongoing changes across companies you hold, use Portfolio Monitoring: https://www.nimbleway.com/demos/portfolio-monitoring.md

## Sample result

From the demo's recorded run on Wayfair (wayfair.com), Quick credit check, company snapshot, high effort, recorded 2026-11-10. The agent ran 5 searches and 26 extracts and graded the snapshot high confidence.

| Field | Value |
|---|---|
| Revenue | FY2025 total net revenue $12,457 million (up 5.1% YoY); nine months ended September 30, 2026 net revenue $9,870 million (up from $9,120 million a year earlier), with Q3 2026 up 9.7% YoY |
| Latest rating | S&P Global Ratings upgraded Wayfair LLC to 'BB' from 'B+' (senior secured debt to 'BB+'), outlook stable, on August 11, 2026; Moody's upgraded Wayfair Inc.'s corporate family rating to B1 from B3, outlook stable, on September 22, 2026; Fitch upgraded Wayfair Inc./Wayfair LLC to 'BB-' from 'B', outlook stable, on May 13, 2026 |
| Total debt | Long-term debt of $2,572 million as of September 30, 2026, down from $3,233 million at December 31, 2025 (senior secured notes due 2029/2030/2032/2034 plus $268 million of convertible notes remaining at June 30, 2026) |
| Liquidity | Cash, cash equivalents and short-term investments of $1.1 billion and total liquidity of $1.5 billion, including availability under the revolving credit facility, as of September 30, 2026 (balance sheet: cash $1,038 million + short-term investments $60 million; $418 million available under the $500 million revolver at June 30, 2026) |
| Next maturity | $229 million of convertible senior notes due September 2027 (the $39 million convertible maturity due August 2026 was repaid at maturity in Q3 2026); remaining senior secured notes mature 2029-2034 and the $500 million revolver matures March 2030 |

Sources include https://sec.gov/Archives/edgar/data/1616707/000161670726000198/w-20260930.htm, https://spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3609570 and https://investing.com/news/stock-market-news/fitch-upgrades-wayfair-rating-on-profitability-gains-93CH-4685415

The snapshot also carries profitability, ownership, a risk call and a verdict with its reasons. The sections each return a summary, dated findings with a source URL per claim, flagged items and the fields the agent couldn't source.