May 16 - 23, (SGT)
Topic Overview This course provides participants with a general overview of the fundamentals of corporate credit including methods and techniques that analysts can use when assessing credit risk.
Topics Covered:
Introduction to Corporate Credit Risk
5 C’s of Credit
Fundamental credit analysis: macroeconomic environment and business risk assessment
Capital Structure, Seniority Ranking and Structural Subordination
Financial Ratio Analysis
Rating Agencies, Credit Ratings and Their Role in Debt Markets
Credit Risk Vs. Return: Yields and Spreads
High- Yield, Sovereign and Non-Sovereign Credit Analysis
Modeling Credit Risk and The Credit Valuation Adjustment
Credit Scores and Credit Ratings
Interpreting Changes in Credit Spreads
Ortigas (TBD), Philippines