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The CCRA-L2 certification is the second level of the AIWMI's CCRA program, which is recognized globally as a leading credential in credit research analysis. This program is tailored to professionals who have at least two years of experience in credit research and are looking to take their career to the next level. The CCRA-L2 exam covers advanced topics such as credit risk assessment, portfolio management, and fixed income analysis.
Reference: https://www.aiwmindia.com/designations/certified-credit-research-analyst-ccra/
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The CCRA-L2 exam is conducted by the Association of International Wealth Management of India (AIWMI), a leading professional organization that aims to develop and promote wealth management and financial planning practices. The AIWMI has set the standard for credit research analysis through its certification program, which is recognized by leading financial institutions, universities, and regulatory bodies worldwide. The CCRA-L2 certification is highly regarded in the financial industry and is often considered a benchmark for individuals to demonstrate their knowledge and skills in credit research analysis.
The CCRA-L2 exam covers a wide range of topics related to credit research, including credit analysis, credit ratings, credit risk management, and fixed income securities. CCRA-L2 exam is designed to test the candidate's knowledge and skills in these areas, as well as their ability to analyze and interpret financial data and make informed decisions.
AIWMI CCRA-L2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Credit Monitoring, NPA & Securitization | 25% | - Early warning signals and credit monitoring framework - Securitization, ABS/MBS rating, and credit enhancement - Stressed assets, NPA valuation, and restructuring |
| Credit Rating – Internal and External | 25% | - Fundamentals of credit rating and risk assessment - Basel framework and internal rating models - Rating methodologies for corporates, banks, and sovereigns |
| Credit Risk Models & Corporate Finance | 15% | - Debt covenants, capital structure, and working capital - Credit risk modeling and stress testing |
| Regulations & Advanced Analysis | 10% | - Advanced financial statement analysis & forecasting - Credit regulatory guidelines |
| Credit Strategy and Portfolio Management | 25% | - Yield curves, credit spreads, and interest rate risk - Multi-asset credit analysis and portfolio strategies - Distressed debt analysis and systemic risk |
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