Corporate Credit Analysis Training Course

Duration 5 days 10 modules · 33 contact hours
Level Intermediate Certificate on completion
Who attends Corporate Credit Analysts, Relationship Managers and others
Fee from USD 1,100 KSh 95,000 for Kenyan organisations
Where 52 cities + online See dates by city
Next start 16 Nov 2026 Course code SD-BI-162

Before you join: Participants should be comfortable reading basic income statements, balance sheets and cash-flow statements, and should understand common lending terms such as loan, interest, collateral and covenant.

Dates & prices

Two start dates a month in every city, and live online on weekdays or weekends. Fees are per participant; classroom fees include tuition, materials, lunch and refreshments, and the certificate.

Suggest a date or city

Showing the next six months. Later dates, other cities and private deliveries for your team are available on request.

Course overview

Corporate lending decisions depend on more than reported profit. Credit analysts must determine whether a borrower can generate cash through a cycle, service debt under pressure, provide reliable information and meet obligations as agreed. Weak analysis can lead to facilities sized against inflated earnings, inadequate covenant protection, late intervention and avoidable impairment. Strong analysis connects business risk, financial performance, cash flow, security, facility structure and ongoing monitoring into a defendable credit decision.

This five-day Corporate Credit Analysis Training Course develops the methods used to assess private and corporate borrowers. Participants analyse business models, industry conditions, management quality and financial statements prepared under IFRS. They adjust reported figures, calculate and interpret credit ratios, build cash-flow forecasts, assess debt capacity and test downside scenarios. The course also covers collateral assessment, guarantees, internal rating concepts, IFRS 9 staging, covenants, loan pricing, credit memoranda and early-warning monitoring.

Teaching combines focused instructor briefings with financial-statement cases, borrower-risk discussions, group analysis, credit-structuring simulations and individual application planning. Participants work with realistic lending situations, including working-capital facilities, term loans, asset-backed lending and borrowers facing deteriorating liquidity. They leave with a reusable corporate credit analysis pack containing an adjusted financial analysis model, ratio and cash-flow templates, a credit memorandum structure, covenant schedule, monitoring checklist and workplace application plan. Delivery is instructor-led in a classroom in 50+ cities or live online. Training runs over five days, 08:30-16:30, with approximately 6.5 contact hours per day, and participants receive a certificate of completion.

The course is suited to banking and finance professionals who assess, recommend, approve, structure or monitor corporate credit exposure. It is also relevant to finance leaders who need to present credible borrowing proposals and understand how lenders evaluate risk.

What you will be able to do

  • Analyse corporate borrowers using the Five Cs framework and documented credit evidence
  • Interpret IFRS financial statements and adjust reported earnings for credit analysis
  • Build rolling cash-flow forecasts and assess debt-service capacity
  • Calculate and benchmark profitability, liquidity, gearing and coverage ratios
  • Model base and downside scenarios to test debt capacity and covenant headroom
  • Assess collateral, guarantees and security packages as secondary repayment sources
  • Draft credit memoranda with clear recommendations, conditions and risk mitigants
  • Design borrower monitoring plans using early-warning indicators and escalation triggers

Benefits of attending

For you

  • Produce credit recommendations supported by traceable financial and business-risk evidence
  • Challenge borrower forecasts before they enter an approval paper or renewal request
  • Identify liquidity stress and covenant pressure before a payment default occurs
  • Structure facilities around realistic repayment capacity and risk controls
  • Communicate credit concerns clearly to relationship teams, approvers and borrowers

For your organisation

  • Improves consistency of borrower analysis across origination, approval and monitoring teams
  • Reduces reliance on reported EBITDA without cash-flow and accounting-quality challenge
  • Supports earlier identification of deteriorating exposures and covenant stress
  • Strengthens facility terms, security assessment and documented approval conditions
  • Produces clearer credit files for internal review, audit and portfolio governance

Course modules

10 modules over 5 days

Participants can frame a corporate lending decision using a disciplined credit-risk process.

  • Credit risk appetite, policy limits and delegated authorities within lending decisions
  • Map the end-to-end corporate credit process from origination to monitoring
  • Five Cs framework distinguishes character, capacity, capital, collateral and conditions
  • Separate borrower, transaction, industry and country risk drivers
  • Define obligor groups, connected counterparties and beneficial ownership exposures
  • Document information gaps, assumptions and credit-file evidence requirements

Participants can assess non-financial drivers of corporate borrower performance and repayment risk.

  • Business-model analysis identifies revenue engines, cost rigidity and competitive position
  • Porter's Five Forces tests industry structure and margin sustainability
  • PESTLE analysis flags macroeconomic, regulatory and geopolitical credit pressures
  • Assess management quality, governance, succession and related-party dealings
  • Trace supply-chain concentration, customer dependence and contract renewal risk
  • Convert qualitative findings into explicit credit strengths and vulnerabilities

Participants can interpret financial statements and identify accounting issues that affect credit conclusions.

  • IFRS financial statements: profit or loss, financial position and cash flows
  • Reconcile EBITDA to operating cash flow using working-capital movements
  • Identify aggressive revenue recognition, capitalisation and related-party accounting signals
  • Normalise earnings for one-offs, owner remuneration and nonrecurring items
  • Interpret audit opinions, accounting policies and notes to financial statements
  • Restate reported figures into an analyst-adjusted financial base

Participants can assess liquidity and build cash-flow views focused on repayment capacity.

  • Cash conversion cycle analysis links inventory, receivables, payables and liquidity
  • Build 13-week rolling cash forecasts from operational receipts and disbursements
  • Distinguish maintenance capital expenditure from discretionary growth investment
  • Calculate free cash flow before and after debt service
  • Stress working-capital assumptions for delayed collections and inventory build-up
  • Reconcile cash-flow forecasts with balance-sheet and income-statement projections

Participants can calculate, interpret and benchmark ratios used in corporate credit assessment.

  • Calculate profitability, liquidity, efficiency and gearing ratios from adjusted accounts
  • Trend analysis separates temporary volatility from persistent financial deterioration
  • Benchmark ratios against peer groups, borrower history and sector norms
  • Interpret EBITDA margin, return on capital and operating leverage
  • Assess net debt, debt-to-EBITDA and debt-service coverage capacity
  • Use common-size statements to identify structural shifts in funding

Participants can build financial projections and test whether debt remains serviceable under stress.

  • Construct integrated financial projections using volume, price, cost and timing assumptions
  • Derive debt capacity from cash flow, repayment profile and covenants
  • Model base, downside and severe-downside cases with defined scenario drivers
  • Apply sensitivity analysis to interest rates, margins, volumes and foreign exchange
  • Size amortisation schedules against seasonal cash generation and refinancing risk
  • Test covenant headroom under forecast, stress and maturity scenarios

Participants can assess secondary repayment sources and key features of a security package.

  • Match collateral type to asset life, liquidity and enforceability
  • Assess security packages: guarantees, pledges, charges and assignment rights
  • Estimate collateral value using haircuts, priority claims and forced-sale assumptions
  • Review guarantee strength through guarantor cash flow and legal capacity
  • Identify ranking, negative pledge and intercreditor agreement implications
  • Separate primary repayment sources from secondary recovery protections

Participants can apply rating concepts and establish monitoring triggers for deteriorating credit risk.

  • Internal rating models combine quantitative metrics with qualitative risk judgement
  • Map probability of default, loss given default and exposure at default
  • Use IFRS 9 staging concepts to interpret significant credit deterioration
  • Recognise early-warning indicators in accounts, conduct and market information
  • Challenge management forecasts through variance analysis and assumption testing
  • Set monitoring triggers, reporting frequency and escalation thresholds

Participants can structure facilities and risk controls that match borrower cash generation and risk profile.

  • Align facility purpose, amount, tenor and repayment with cash generation
  • Design financial covenants using definitions, thresholds, testing dates and cures
  • Select affirmative, negative and information covenants for identified risks
  • Price loans using expected loss, funding cost, capital and return
  • Structure conditions precedent and subsequent to control execution risk
  • Write concise credit recommendations supported by risk-mitigation rationale

Participants can prepare approval documentation and respond systematically to signs of borrower deterioration.

  • Prepare a credit memorandum with analysis, recommendation and approval conditions
  • Distinguish amendment, waiver, restructuring and refinancing decision pathways
  • Diagnose covenant breaches using liquidity, viability and stakeholder evidence
  • Prioritise remedial actions through cash preservation and creditor coordination
  • Plan portfolio reviews using risk segmentation and early-warning outputs
  • Create an individual workplace application plan for upcoming credit cases

Exercises and examples are adapted to each cohort's sectors and roles.

What you take back to work

  1. Corporate credit memorandum template
  2. Adjusted financial analysis model
  3. 13-week cash-flow forecast template
  4. Credit ratio and benchmarking dashboard
  5. Covenant design and monitoring checklist
  6. Borrower early-warning action plan

Who should attend

  • Corporate Credit Analysts — need consistent methods for borrower assessment and credit recommendations
  • Relationship Managers — need to originate facilities with sound risk information and structure
  • Credit Underwriters — need evidence-based analysis for approval, renewal and amendment decisions
  • Credit Risk Managers — need stronger challenge, rating and portfolio-monitoring practices
  • Commercial Bankers — need to assess lending proposals beyond headline profitability
  • Corporate Finance Managers — need to prepare lender-ready forecasts and borrowing proposals

Skills and tools covered

Corporate borrower assessmentCash flow forecastingFinancial statement analysisCredit risk ratingCovenant structuringPortfolio monitoring

Tools and standards

IFRS 9, IAS 7, Five Cs of Credit, Porter's Five Forces

How the course runs

Training methodology

The instructor introduces each method through short technical briefings, then applies it to borrower information, financial statements and lending scenarios. Participants assess cases in groups, calculate ratios, adjust financial accounts, prepare cash-flow forecasts and debate lending recommendations. Simulations examine facility structuring, covenant setting, rating decisions and early-warning escalation. Facilitated review compares assumptions and conclusions against credit policy principles. Individual application planning helps participants transfer the templates and methods to current or upcoming borrower cases.

Requirements and prerequisites

Participants should be comfortable reading basic income statements, balance sheets and cash-flow statements, and should understand common lending terms such as loan, interest, collateral and covenant. Experience in commercial banking, corporate finance, treasury, audit, accounting or credit administration is useful but not essential. The course assumes numeracy and confidence using spreadsheets for calculations and forecasts. Prior exposure to IFRS is helpful. Participants do not need prior credit-approval authority, advanced financial modelling skills, programming knowledge or previous experience with internal bank rating systems.

A typical training day

08:30 – 10:30First session
10:30 – 10:45Refreshment break
10:45 – 12:30Second session
12:30 – 13:30Lunch and networking
13:30 – 15:00Third session
15:00 – 15:15Refreshment break
15:15 – 16:30Workshop and daily review

Live online deliveries follow the same structure in East Africa Time, with shorter screen blocks and longer breaks.

What the fee includes

  • Instruction by a practitioner facilitator
  • Full course workbook and materials
  • Exercise files, templates and case studies
  • Refreshments and lunch on classroom deliveries
  • Certificate of completion
  • Post-course application plan

Frequently asked questions

Participants should be able to read basic financial statements and understand common business lending terms. Prior corporate credit experience is useful but not required; the course develops the analytical methods from first principles before applying them to more demanding cases.

Bring a laptop with spreadsheet software if possible, particularly for the live online format. You may also bring an anonymised borrower case or a current credit-analysis question to use during application planning.

It is designed primarily for corporate credit analysts, relationship managers, underwriters, commercial bankers and credit risk staff. Corporate finance, treasury and accounting professionals involved in bank borrowing will also benefit.

Financial statement analysis focuses mainly on interpreting accounts, while financial modelling often concentrates on building projections. This course uses both skills to reach lending decisions, structure facilities, set covenants, assess security and monitor repayment risk.

Participants can use the credit memorandum template, adjusted-financial-analysis model, cash-flow forecast and monitoring checklist on live renewals, new facilities and portfolio reviews. The methods are applicable to working-capital lines, term loans and asset-backed facilities.

Each day runs from 08:30 to 16:30 and provides about 6.5 contact hours. The course progresses from credit fundamentals and business risk through financial analysis, forecasting, structuring, approval and ongoing monitoring.

Questions about this course?

Ask about dates, fees, group bookings or running it for your team. Our training team replies by email.

Ask on WhatsApp info@skillsetdevelopment.com

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