This foundational course is focused on understanding and evaluating credit quality in corporate issuers. It examines the methods that analysts can use to determine credit quality as it relates to debt issues. In particular, we examine what credit risk is, how to use credit ratings in evaluating borrowers, the 4 Cs of traditional credit analysis, and the ratios and financial analysis metrics that analysts draw on to evaluate credit risk and pricing in bonds.

This program is ideal for anyone seeking a deeper understanding of credit analysis, from newcomers to experienced professionals. It is particularly relevant for individuals working in front, middle, or back-office functions within financial institutions, as well as those aiming to enter such roles. Whether you are involved in lending, investment, operations, or risk management, the course provides valuable insights into assessing creditworthiness and making informed fixed income decisions. No prior knowledge or experience in credit analysis is required to benefit from this program. The course starts with foundational concepts and gradually builds toward more advanced analytical techniques, ensuring accessibility for beginners while still offering depth for seasoned professionals looking to enhance their skills. By the end of this course, you will be able to explain the concept of credit risk and its impact on bond pricing, discuss the four Cs of credit analysis, and evaluate financial statements to perform basic ratio analysis. You will also be able to compare bonds based on credit ratings, interpreting what those ratings reveal about borrower risk and debt valuation. These skills will enable you to make more informed lending and investment decisions in diverse market conditions.