Course description
Leveraged Finance and High Yield Credit Risk
The goal of this course is to enhance analytic skills needed to assess high yielding sub-investment grade, cross-over issuers and instruments. Even in a virtual on-line environment this is a highly interactive course where case studies and exercises are used to illustrate key learning points, allowing participants to apply the concepts acquired during the course to a real-life scenario. Participants are encouraged to be focused and concise in developing and articulating credit judgement.
Upcoming start dates
Suitability - Who should attend?
Anyone with an interest in building or further enhancing their analysis skills which are needed to assess exposures to highly leveraged borrowers. Financial professionals in a credit risk, asset investment or relationship management role, as well as those engaged in the assessment of counterparty risk from an underwriting viewpoint or trade debtor exposure. Regulators or those in a supervisory role with an interest in understanding the underlying credit assessment needed in the organizations or departments they assess. Participants are expected to be familiar with financial statements.
Outcome / Qualification etc.
Credits: 16 CPD pts.
Key Learning Outcomes:
- Apply a structured approach to credit analysis and understand how credit fundamentals can drive relative value
- Identify factors that might change a company's credit standing, and thus the value of the underlying security, by anticipating upward and downward credit migration
- Evaluate the performance of a sub-investment grade company based on a qualitative approach, backed by appropriate quantitative analysis (using ratios and cash flow tools)
- Understand how market conditions have affected debt structures in the marketplace for high yield bonds and leveraged loan transactions.
Why choose Fitch Learning
9 in 10 would recommend us to a colleague
Over 1,300 clients worldwide
CPD recognized
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Fitch Learning
Part of the Fitch Group, Fitch Learning partners with clients to enhance knowledge, skills and conduct. With centers in London, New York, Singapore, Dubai and Hong Kong, we are committed to questioning and understanding client needs across the globe and...