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AIWMI Certified Credit Research Analyst Level 2 : CCRA-L2

CCRA-L2
  • Exam Code: CCRA-L2
  • Exam Name: Certified Credit Research Analyst Level 2
  • Updated: Jul 04, 2026
  • Q & A: 85 Questions and Answers
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About AIWMI CCRA-L2 Exam

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AIWMI CCRA-L2 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understanding Credit Spreads, Trading on Credit Spreads
  • Ratio Analysis, Financial Modelling and Covenant Testing
Topic 2
  • Nuances of Accounting: Inventories, Depreciation, EPS, Intangible Assets
  • Analysis in a Multi Asset Class portfolio
Topic 3
  • Bond Valuation Measures including Swaps, OAS, YTW, YTM
  • Classification of Investments in Financial Assets
Topic 4
  • Nuances of Leases, Hire Purchase, Pension Liabilities
  • Rating of Asset Backed and Mortgage Backed Securitization Transactions
Topic 5
  • Preparation of Credit Proposal and Credit Appraisal, Capital Budgeting Methods
  • CRA Regulations and Debt Guidelines
Topic 6
  • Nuances of Credit Analysis from NBFC Perspective, Private Banking perspective, ARCPerspective
  • Risk Mitigation using derivatives like swaps, FRA, caps and floors, Forex Hedge
Topic 7
  • Credit Monitoring and Identification of Early Warning Signals
  • Assessment of Working Capital Finance, Analyze Treasuries and other corporate papers
Topic 8
  • Loan documentation, Covenants analysis and Trends
  • Ratings For Financial Institutions And Banks, Sovereign Ratings, Internal Rating models(Basel)

Reference: https://www.aiwmindia.com/designations/certified-credit-research-analyst-ccra/

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