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Course Delivery: Virtual or Classroom
- Classroom - Dubai: 7-10 Oct 2024
- Virtual - London: 22-25 Oct 2024
- Virtual - New York: 4-7 Nov 2024
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- Classroom - Frankfurt: 25-28 Nov 2024
- Classroom - London: 9-12 Dec 2024
Course Objectives
Key Learning Outcomes:
- Apply a structured approach to assess the creditworthiness of a corporate borrower
- Evaluate the performance of a company based on qualitative and quantitative frameworks and tools
- Identify the key factors that drive a company’s future performance and evaluate the likely impact on its credit standing
- Use a cash flow approach to ascertain a company’s ability to service/refinance its debt as it comes due
- Use market indicators to understand refinancing risk and the market view on a credit
Who Should Attend
Anyone with an interest in building or further enhancing their corporate analysis skills: 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 organisations or departments they assess. Participants are expected to be familiar with financial statements.
Related Courses
- Fundamentals of Corporate Financial Statement Analysis
- Corporate Rating Methodology
- Leveraged Finance and High Yield Credit Risk
- Intensive Bank Analysis
- Insurance Company Analysis
- Credit Risk of Commodity Companies
Further Learning
- Advanced Corporate Credit - Warning Signals
- Capital Structures and Debt Products
- Structuring Leveraged Buy-Outs
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Entity & Insights
Table Of Contents: S&P Global Ratings Corporate And Infrastructure Finance Criteria
Your Three Minutes In Cyber Security: Cyber Hygiene Can Affect Creditworthiness
European Refinancing Flows Have Flipped As Public Leveraged Debt Replaces Private
Sector Review: Your Three Minutes In China LGFV Financing: Offshore Bonds Are A Costly Lifeline
Default, Transition, and Recovery: The U.S. Leveraged Loan Default Rate Is Set To Remain Near 1.5% Through June 2025
- 12 Sep, 2024 | 20:07
- Sector Corporates
GENERAL CRITERIA
General methodologies, situational methodologies, issue and recovery rating methodologies, project finance, requests for comment, advance notices.
Here is the list of all current criteria for this subject area, which we update regularly as we publish new or archive existing articles. At the bottom of this list, we place requests for comment and advance notices. We most recently republished this table of contents on the date shown above.
- Principles Of Credit Ratings , Feb. 16, 2011
Refer to " Table Of Contents: S&P Global Ratings General Criteria "
- Hybrid Capital: Methodology And Assumptions , March 2, 2022
- Environmental, Social, And Governance Principles In Credit Ratings , Oct. 10, 2021
- Group Rating Methodology , July 1, 2019
- Rating Government-Related Entities: Methodology And Assumptions , March 25, 2015
- Methodology: Industry Risk , Nov. 19, 2013
- Country Risk Assessment Methodology And Assumptions , Nov. 19, 2013
- Ratings Above The Sovereign--Corporate And Government Ratings: Methodology And Assumptions , Nov. 19, 2013
- Sector-Specific Corporate Methodology , April 4, 2024
- Corporate Methodology , Jan. 7, 2024
- Management And Governance Credit Factors For Corporate Entities , Jan. 7, 2024
- Corporate Methodology: Ratios And Adjustments , April 1, 2019
- Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers , Dec. 16, 2014
- The Treatment Of Non-Common Equity Financing In Nonfinancial Corporate Entities , April 29, 2014
- Methodology: The Impact Of Captive Finance Operations On Nonfinancial Corporate Issuers , Oct. 23, 2023
- Methodology And Assumptions For Rating Aircraft-Backed Debt And Enhanced Equipment Trust Certificates , May 26, 2021
- Methodology And Assumptions For Rating Debtor-In-Possession Financing , Sept. 4, 2018
- Key Credit Factors For The Real Estate Industry , Feb. 26, 2018
- Commodities Trading Industry Methodology , Jan. 19, 2017
- Key Credit Factors For The Operating Leasing Industry , Dec. 14, 2016
- Methodology For Rating Project Developers , March 21, 2016
- Rating Structurally Enhanced Debt Issued By Regulated Utilities And Transportation Infrastructure Businesses , Feb. 24, 2016
- Methodology: Holding Companies That Own Corporate Securitizations And Structurally Enhanced Debt Transactions , Feb. 24, 2016
- Methodology For Companies With Noncontrolling Equity Interests , Jan. 5, 2016
- Methodology: Investment Holding Companies , Dec. 1, 2015
- Methodology For Rating General Trading And Investment Companies , June 10, 2015
- Methodology: Master Limited Partnerships And General Partnerships , Sept. 22, 2014
- Railroad Equipment Trust Certificate Rating Criteria , Sept. 4, 2002
- Reflecting Subordination Risk In Corporate Issue Ratings , March 28, 2018
- Recovery Rating Criteria For Speculative-Grade Corporate Issuers , Dec. 7, 2016
- Methodology: Jurisdiction Ranking Assessments , Jan. 20, 2016
- General Project Finance Rating Methodology , Dec. 14, 2022
- Sector-Specific Project Finance Rating Methodology , Dec. 14, 2022
- Counterparty Risk Framework: Methodology And Assumptions , March 8, 2019
There are no current requests for comment that apply for corporate and infrastructure finance entities.
- Advance Notice Of Proposed Criteria Change: Hybrid Capital Instruments With Sliding Step-Up Features , Sept. 12, 2024
This report does not constitute a rating action.
No content (including ratings, credit-related analyses and data, valuations, model, software, or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced, or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor’s Financial Services LLC or its affiliates (collectively, S&P). The Content shall not be used for any unlawful or unauthorized purposes. S&P and any third-party providers, as well as their directors, officers, shareholders, employees, or agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness, or availability of the Content. S&P Parties are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is provided on an “as is” basis. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED, OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages.
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Corporate Rating Criteria. Fri 03 Nov, 2023 - 5:02 PM ET. Autos. Energy and Natural Resources. Technology, Media, and Telecom. Real Estate and Homebuilding. Chemicals and Fertilizers. Corporate Finance. Industrials and Transportation.
This Master Criteria report identifies factors that Fitch Ratings considers when assigning issuer or instrument ratings. These criteria apply globally to new r
Apply the corporate ratings methodology and criteria Understand the impact of specific criteria topics on a corporate rating (e.g. parent-subsidiary linkage, industry caps, country ceilings)
Apply a structured approach to assess the creditworthiness of a corporate borrower. Evaluate the performance of a company based on qualitative and quantitative frameworks and tools. Identify the key factors that drive a company's future performance and evaluate the likely impact on its credit standing. Use a cash flow approach to ascertain a ...
Fitch Credit Ratings Data Calculate credit risk exposure, develop and monitor investments, as well as support regulatory and performance attribution reporting.
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Fitch Ratings Credit Research Sample Reports Corporates
Fitch Ratings, Inc. 2015 Annual Certification to Form NRSRO Exhibit 2. Procedures and Methodologies for Determining Credit Ratings Fitch's procedures and methodologies for assigning ratings are consistent with the Fitch Ratings Code of Conduct, and documented in detail in a combination of the agency's published criteria and
Provides an overview of different business models and methodologies used by different ratings agencies. Describes generally how S&P Global Ratings form ratings opinions about issuers and individual debt issues, monitors and adjusts its ratings.
Methodology Overview. Sustainable FitchRating Scale and DataSustainable Fitch's ESG Rating Scale is expressed between one (highest) and five (lowest); it is derived from a more granular score between zero and 100, where 100 represents full alignment with ESG best practices and positive env.
Navigator Interactive. Ratings Navigator is a visual overview of the key quantitative and qualitative factors Fitch analyzes to arrive at an entity's credit rating. Power your rating simulations for Corporates with the new Navigator Interactive—a graphical web-based tool, using the same observations underlying Fitch's own Navigator snapshots.
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Fitch Ratings Credit Research Sovereigns Get insightful macroeconomic commentary and actionable credit ratings that help you measure risk and uncover opportunities for sovereigns across the globe. With over 100 years of experience in independent thinking and rigorous analytics, Fitch delivers balanced ratings, insightful research and precise monitoring tools to help you make important credit ...
The scores reflect the building blocks of the corporate ratings framework (see chart 1). Modifiers and components related to our group rating methodology or government-related entity methodology are indicated only where they have a positive or negative effect on the rating. The report reflects corporate credit ratings and scores as of Jan. 4, 2022.
This document (the Methodology) aims to provide a general description of the procedures and methodologies used to determine credit ratings; EJR consider ratings to be a short-hand means of expressing its opinion of the creditworthiness of an obligor, a specific class of financial obligations, or a specific financial program (including ratings ...
Principles Of Credit Ratings, Feb. 16, 2011 Refer to "Table Of Contents: S&P Global Ratings General Criteria" Hybrid Capital: Methodology And Assumptions, March 2, 2022 Environmental, Social, And Governance Principles In Credit Ratings, Oct. 10, 2021 Group Rating Methodology, July 1, 2019 Rating Government-Related Entities: Methodology And ...
Fitch Ratings' criteria explain our ratings approach including rating drivers, assumptions, scope and limitation of our analysis.
tions and detailed reports on ratings criteria and methodology. Credit ratings Standard & Poor's began rating the debt of corporate and government issuers more than 75 years ago. Since then, credit rating criteria and methodology have grown in sophistication and have kept pace with the introduction of new financial products. For example ...
Accessible Gain a unique credit perspective from a collaborative team of independent market specialists, working across sectors and regions to cover the world's capital markets. Fitch Ratings analysts are available to discuss the opinions, sources and methodologies behind their analysis with Fitch Research clients. Fitch Credit Research
Key Rating Drivers National Ratings Derivation: The starting point for assigning a national rating is an assessment of the issuer's credit quality on the international rating scale (credit opinion or LC Issuer Default Rating (IDR)), with the exception of some notched ratings. Fitch then uses the applicable country's National Rating Correspondence Table to identify a range of appropriate ...
Bank Rating Criteria. This criteria report outlines Fitch Ratings' methodology for rating banks - including commercial and policy banks - and bank holding companies (BHCs), their financing companies and their obligations. The criteria apply globally to new and existing ratings, and are sometimes applied with other criteria (see Related ...
This report provides Fitch Ratings' views about Latin American auto supplier companies. It is based on Fitch Ratings' Auto Suppliers Navigator and compares issuers based on their business and financial characteristics. Growth is expected to slow, affecting light vehicle sales and production.
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Endorsement Policy. Fitch's international credit ratings produced outside the EU or the UK, as the case may be, are endorsed for use by regulated entities within the EU or the UK, respectively, for regulatory purposes, pursuant to the terms of the EU CRA Regulation or the UK Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019, as the case may be.
Endorsement Policy. Fitch's international credit ratings produced outside the EU or the UK, as the case may be, are endorsed for use by regulated entities within the EU or the UK, respectively, for regulatory purposes, pursuant to the terms of the EU CRA Regulation or the UK Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019, as the case may be.