The training will be useful if you or your employees:
- work in divisions of financial institutions involved into credit risk assessment and credit analysis (of banks, investment companies, asset management companies, non-state pension funds, leasing companies);
- are debt market analysts (sell-side/buy-side);
- work in divisions of non-financial companies focused on raising debt financing.
Training goal
Introducing participants to the most up-to-date methods frequently used by professionals to assess creditworthiness of non-financial companies. Only the most useful and powerful analysis tools; subtleties of assessing companies fr om various industries.
The training can help you find answers to the following questions
- Why should the approach to creditworthiness assessment of all non-financial companies be unified for all and individual for each specific industry?
- What information is critically important for assessment of the company’s creditworthiness and wh ere to seek such information?
- Why can IFRS reporting be misleading without taking into account notes and additional information sources?
- What financial indicators are really valuable when calculated and analyzed, and which of them are long-outdated and used automatically?
- How to generate a financial model without losing track of key specifics of the company and being bogged down in details at the same time?
- Why is the credit risk of an issue not equal to the credit risk of the issuer?
The following subjects will be reviewed during the training:
- credit risk and its assessment specifics;
- creditworthiness assessment specifics in the corporate sector, and analysis structure;
- industry risk analysis and reference to industry specifics;
- assessment of company’s operational profile and its components;
- assessment of financial indicators;
- principle of construction of a cash flow model for credit analysis, consideration of actual and forecast values;
- application of macroeconomic indicators in credit analysis;
- consideration of outside support;
- security issues ratings.
By developing in-depth understanding of corporate creditworthiness fundamentals based on the most up-to-date theory and using multiple real-world examples supporting this theory, trainees would be able to significantly improve their credit analysis skills with respect to non-financial companies.
Please note: all ACRA trainings are held in Russian.