Covenants and Documentation


Moodys Analytics


£995 inc VAT
Finance options

New York: $1695 USD Jul 29, Nov 8 London: £995 GBP Nov 6

Study method
1 day, Full-time
No formal qualification
Additional info
  • Certificate of completion available and is included in the price

Location & dates

Moodys Analytics, 1 Canada Square, London
Canada Square
East London
United Kingdom


Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organisations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs.


This seminar will focus on how financial professionals should review credit documentation, and what pitfalls to look out for in this process. The course will focus on covenants and other features designed to protect investor interests and emphasize ways in which these defensive tools can be undermined by creative drafting. The publicly available credit rating methodology of our sister company, Moody's Investors Service, for evaluating covenants in bond indentures will be discussed. Participants will learn how Moody's Investors Service framework for assessing covenant quality can be applied to their daily work.

Who is this course for?

Open to non-legal professionals who work in various areas of credit and are exposed to documents designed to protect lenders and investors, e.g. commercial and investment bankers, underwriters, fixed income professionals (both buy and sell sides), loan administrators, syndication desks, structured finance investors.


One year experience in a credit-related function or completion of the Fundamentals of Corporate Credit seminar or equivalent.

Questions and answers


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What does study method mean?

Study method describes the format in which the course will be delivered. At courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.


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