Corporate Credit Analysis

We've all seen what happens as a result of poor credit decisions. How do we avoid going down the same road again? Better training in best practice credit analysis is the logical starting point and that's exactly what this highly practical course offers. Over three days you will learn the secrets of "real-world" credit analysis techniques. The most popular credit analysis trainging course of its kind.

Course Highlights

What I liked most about this course is the interactivity and the practical examples and knowledge of the presenters

V.S., Tetra Laval International

After this intensive two-day course you will be able to:

Provide a comprehensive framework for undertaking corporate credit analysis
Demonstrate an understanding of the relationship between financial and non-financial factors in the credit analysis process
Identify and evaluate key financial performance indicators
Define liquidity and show how it can be measured
Analyse a company’s cash flow dynamics
Calculate a company’s free cash flow and debt capacity
Show how strategic analysis tools can be applied as part of the credit analysis process
Set effective risk controls

For details of the course trainer, please download the course brochure

Booking Information

Dates	Prices	Book This Course	Discount
06 - 07 Dec 2010	£ 1499		-
13 - 14 Jun 2011	£ 1499		-

Course Programme

What I liked most about this course is the interactivity and the practical examples and knowledge of the presenters

V.S., Tetra Laval International

Risk Evaluation Framework

Stages in the analysis process
Identification of the risk base
Types and levels of risk
Information risk
Relationship between financial and non-financial factors
Relationship between external and internal risk factors

Non-Financial Analysis

Macro level
Industry level
Company level
The use of common analytical tools
Operational analysis
A structure for the evaluation of management

Financial Analysis

Reading the annual report
IFRS: analytical issues
Critical areas in assessing financial information
Key performance indicators / drivers
Non-standard ratios
Assessing projections

Liquidity

Operational liquidity and nonoperational liquidity
Establishing the financing gap
The use of net working capital
Non-operational sources of liquidity
The ‘liquidity crunch’ and the‘credit crunch’

Cashflow

Analysing the cashflow statement
Identifying the key cash drivers
Specific cashflow ratios
Calculating free cashflow and debt capacity
Assessing business viability and the sustainability of cashflows

Company Dynamics

Environmental conditions
Revenue volatility
Operating cost structures
Financial cost structures
Cashflow and liquidity implications
Capital structure implications

Mitigation and Control

Natural mitigants
Structural subordination
Security / collateral
Covenant setting