Corporate Credit Risk Analysis (In-House)

IFF - International Faculty of Finance
Training overview
Corporate / Group Training
Virtual Classroom, On-site
2 days

Start dates
United Kingdom
Enquire for more information

Inquire for more information

Course description

Corporate Credit Risk Analysis (In-House)

Want to find out more?

Training content

Overview of the Credit Analysis Process

  • Objective: To establish the basic parameters of the credit risk principles

  • Risk and return dimensions

  • Country and corporate risk issues

  • Credit default rates and risk grading

  • Fundamental principles of credit risk analysis

  • Balancing the quantitative and qualitative aspects of risk

  • A structured analysis framework for credit

  • Rating processes

  • External rating agencies – Moodys, S&P, Fitch

  • Internal ratings applications

Current State of the Credit Market

  • Current issues regarding structured finance and credit

  • Review of changes in light of recent problems

Analysing Business Risks

  • Objective: To develop a general framework for assessing business risks over a wide range of company types and business sectors

  • Macro-environmental risk analysis; cyclical/mature/growing

  • Strategic evaluation using stakeholder analysis, four gods of management, PESTI, Porter 5 Forces model

  • Assessing competitive position

  • Resource audit using 7Ms

  • Company/product portfolio evaluation and diversification using the product portfolio BCG matrix

  • Market environment analysis

  • Generic competitive strategies

  • Strategic options using Ansoff matrix

  • Market/product lifecycle and the 4Ps of marketing

  • Value chain and peer group assessment

  • Internal operational and management assessment

  • Track record, attitude to risk, relationship with shareholders

  • Force field analysis and understanding change management issues

  • Combining the analysis using a SWOT matrix

  • Developing a qualitative analysis framework



  • Identifying the credit problems of a UK Corporate

Cashflow Risk Evaluation

  • Objective: To ensure an advanced understanding of historic cashflow analysis, forecast cashflows and the importance in financial risk evaluation

  • The dynamic cashflow cycle in a company • Untangling the cashflow statement

  • Linking cashflow and historic ratios

  • Evaluating repayment ability on a cashflow basis

  • Cashflow cover ratios and repayment risk, EBITDA cover, DSCR and other metrics

  • Moody’s and S&P calculation of FFO and use of cashflow analysis

  • Calculating cashflows when there is no cashflow statement

  • Understanding the cashflow statements of other countries

  • Cashflow and corporate capital structure

  • Debt vs. equity decisions in the capital structure and cashflow impacts

  • Developing a model for cashflow projections

  • Cashflow sensitivity analysis – identifying the key cashflow drivers

  • Linking cashflow generation to strategy and investment decisions

  • Key cashflow financial performance indicators

The Current Corporate Restructuring Climate

  • Objective: To identify the possible warning signs of corporate distress and understand the possible solutions

  • Review of the current problem sectors

  • What are the recurrent themes?

  • Identifying both the qualitative and quantitative warning signs of corporate failure

  • Separating the causes from the symptoms

  • Sector specific problems involving restructuring

  • Restructuring framework

  • Proactive

  • Defensive

  • Distress

  • Legal options

  • Differences across different regimes

  • Legal reorganisation – in court or out of court solution?

  • Stakeholders with special interests – suppliers, pension trustees,leaseholders

  • Liquidation, sale or debt restructure

  • Role of vulture funds/hedge funds

  • Review of the key issues in corporate restructuring

  • Liquidity or viability problem?

  • Identification of key stakeholders

  • Leveraging and deleveraging

  • Optimising the leverage structure

  • Adjusting the cost of debt and equity for leverage

  • Recaps, debt and equity buybacks

Corporate Capital Structure

  • Objective: To understand the corporate objectives in terms of alternative financing structures, acquisition financing and to appreciate the equity viewpoint when assessing credit risk

  • Structuring the junior/senior debt

  • Hybrid debt and equity issues in capital structure

  • Mezzanine debt structures

  • Use of PIK structures

  • Warrants and equity ratchets

  • Understanding the term structure of risk

  • Using asset securitisation structures to obtain off balance finance

  • Understanding credit enhancement structures and risk transfer

  • Project finance structures

  • Acquisition finance

About IFF

International Faculty of Finance - IFF Finance & IFE Energy - Specialist Training Courses

As one of the world's leading specialist financial training organisations, The International Faculty of Finance, provides participants in the global financial markets with intensive technical training programmes designed to help them succeed on the global stage.  Established in 1991 we...

Read more and show all training delivered by this supplier

Contact this provider

Fill out your details to find out more about Corporate Credit Risk Analysis (In-House).

  Contact the provider

  Get more information

  Register your interest

Country *

Contact info

IFF - International Faculty of Finance

 Show phone number

Request Information

Have a question about this course? Fill out this form and the provider will get in touch with you shortly

View again
Supplier Directory
Join our Supplier Directory to:
- Gain Traffic
- Get Noticed
- Showcase Your Services
- Free Listing Available