Corporate Credit Analysis
Course Summary
4 Days | High Impact
This practical course takes participants through the full comprehensive credit process—covering obligor assessment, risk mitigation, and deal structuring, structured around the metrics for determining expected loss. While grounded in global best practices, it incorporates regionally relevant insights, like Asian credit downturns. Using interactive case studies and group work, the course equips participants with immediately usable tools and frameworks for real-world credit decision-making.
Learning Objectives
- Establish the importance for effective credit analysis to compete effectively in the current regulatory environment. Determine the appropriateness of repayment sources for the different types of credit requirements of a company.
- Link industry performance to economic business cycles providing a foundation for individual obligor analysis. Build expectations about resource requirements, performance metrics and cash flow drivers of different industries and various types of companies through a comprehensive structured discussion of qualitative factors.
- Quantitative review of companies cost structure, margins and working capital management to establish a company’s optimal financing requirements.
- Detailed study of pillars of obligor cash flows. Defining different types of cash flows types and their characteristics in various industries and company types. Review the main sections of an indirect cash flow statements and factors driving decisions for investments and financing.
- Looking at liquidity cushions and financial leverage. Linking financial risk, including complex issues like hedging, off balance sheet obligations, with the company’s business model to evaluate the appropriateness of a company’s capital structure.
- Evaluating group and transactional structure to highlight risk and formulate appropriate safeguards.
Who Should Attend
This course is designed for:
- Credit Analysts with 1-2 years of experience
- Investment Bankers & Relationship Managers
- Corporate Finance Professionals
Learning Topics
- Introduction examines expected loss models, Basel capital requirements, and how regulatory demands affect credit decisions and return thresholds.
- Credit Risk Management & Corporate Needs explores credit purposes, repayment structures, risk mitigation tools, and frameworks for assessing obligor risk.
- Sector & Industry Performance analyzes how economic cycles and indicators affect sector risk, business models, and cash flow resilience.
- Industry Analysis Tools applies SWOT, PESTE, and competitive forces to assess growth drivers, capital needs, and macroeconomic sensitivity.
- Cash Flow Structure & Analysis covers indirect cash flow statements, key cash flow types, and how to assess cash generation and investment spending.
- Cash Flow as Risk Indicator uses operating cash flows to evaluate revenue strength, investment intensity, and funding adequacy.
- Revenue Assessment reviews revenue recognition, sustainability, segmentation, and growth diversification strategies.
- Profit Margins & Earnings Quality analyzes cost structures, margin drivers, operating leverage, and recurring vs non-recurring earnings.
- Working Capital Management evaluates the working capital cycle, financing needs, and its impact on liquidity across industries and stages.
- Capital Structure & Financial Risk assesses funding mix, leverage, off-balance sheet risks, and alignment with business and operating risks.
- Liquidity & Solvency reviews liquidity metrics, financial flexibility, and the company’s ability to service and refinance debt.
- Management & Shareholders examines governance quality, support willingness, strategic intent, and performance alignment.
- Group Case Study integrates all concepts through a team-based credit analysis and presentation using real-world application