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Credit Analysis

A half-day webinar by experience trainer

City Training UK


£600 inc VAT
Or £50.00/mo. for 12 months...
Study method
Online with live classes
3 hours, Part-time
No formal qualification
Additional info
  • Tutor is available to students
  • Certificate of completion available and is included in the price

1 student purchased this course

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This training provides a basic understanding of the credit analysis framework, including key corporate credit ratios, structural risk analysis and lending policies.



Session 1

What is Credit?

  • Risks defined
  • What is the role of the credit analyst?
  • The Principles of good lending
  • The key analysis tools
  • Sources of information

Session 2

A Common Approach to Analysing Credit

  • What are the objectives and general characteristics of an effective credit risk rating system
  • The building blocks
  • The structured framework of credit analysis
  • Assessing performance
  • Understanding and evaluating Business Risk:
    • Macro (sovereign and country)
    • Micro (industry)
    • Management
  • Industry life-cycle

Session 3

Financing Needs and Business Operating Cycle

  • Financial risk
  • Banks and banking:
    • Types of banks
    • Types of loans
  • Business needs
  • Working capital cycle
  • Medium to long-term financing

Session 4

A Focus on Financial Statements

  • Principles of Accounting
  • Understanding the financial statements:
    • P&L, balance sheet and cash flow statements
    • Type of information
    • Key issues
    • Consolidation rules

Session 5

Creative Accounting

  • Revenue recognition
  • Cost recognition
  • Warning signs

Session 6

Financial Ratio Analysis

  • Types of financial ratios:
    • Business efficiency
    • Profitability
    • Financial
    • DuPont analysis
    • Other ratios
  • Liquidity vs. Solvency
  • Seasonality and management of working capital and the implications on financing
  • Interpretation and application of results
    • Limitations of ratio analysis
  • Insights

Session 7

Corporate Cash Flow Analysis

  • Statement of Cash Flow (construction and analysis)
    • Key issues to consider
    • The cash cycle
  • The Statement of Cash Flow:
    • Methods of Cash Flow presentation and construction
    • Traditional (CFO, CFI, CFF)
    • Manual (Direct and Indirect)
    • Rating agency derived (FCF)
  • Identifying the 7 drivers of cash flow
  • Cash Flow Available for Debt Service (“CADS”)
    • Debt Capacity

Session 8

Structural Risk Analysis

  • Myths, realities, opportunities and threats
  • The optimal debt structure
  • Factors influencing the choice of debt or equity
  • Structuring principles and issues:
  • Structuring a transaction
  • Facility type
    • Seniority
    • Security
    • Covenants
    • Structural mitigants
    • Control provisions

Session 9

Credit Risk Lending Policy Guidelines

  • Credit Analysis format
  • How to put together a credit analysis – methods of presentation
  • Participants to discuss and come to a conclusion about the best method of presenting information in a standardised format throughout the bank
  • A study of the bank’s own guidelines will take place enabling participants to reconcile what they have learnt to the banks own practices (this may involve a senior in-house speaker)

Who is this course for?

  • Credit analysts in Corporate Banking
  • Credit analysts in SME retail banking
  • Credit managers in corporations
  • Factoring professionals
  • Debt Capital Markets in Investment Banks
  • Fixed Income Equity Research
  • Fixed Income Investment Management
  • All other interested Finance professionals

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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.