This module provides an overview of credit ratings, risk and analysis. It explains the role of rating agencies and goes though the rating process; how credit ratings are assigned and monitored.
It provides knowledge of both the quantitative and qualitative aspects of credit analysis, presents credit rating methodologies and gives an overview of securitisation and structured finance technology.
The module puts considerable emphasis on practical applications. It explains how a transaction is put together by an investment bank as an arranger. Then goes through the steps of how it gets rated by the rating agencies and finally distributed in the markets.