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Exam Information
Official specifications published by AIWMI
Exam Format
120 min
100
50%
Professional
Registration
$43 USD
Remote Proctored (Global) or online proctoring
English
Validity
Lifetime (no recertification required)
CCRA Exam Topics and Domains
CCRA is organized into 8 weighted domains.
1
Financial Statement Analysis
Role of Financial StatementsIntroduction to Financial Statements
Nuances of Accounting
Inventory AccountingDepreciation MethodsEarnings Per Share (EPS)Intangible Assets
Ratio Analysis
Liquidity RatiosSolvency RatiosProfitability RatiosEfficiency Ratios
Financial Modelling and Covenant Testing
Financial Modeling BasicsCovenant Testing
Complex Accounting Topics
Leases and Hire PurchasePension LiabilitiesInvestment Classification
Red Flags and Standards
Financial Statement Red FlagsGAAP vs IFRS
2
Credit Analysis Fundamentals
Capital Budgeting and Project FinanceCapital Budgeting Methods
ESG AnalysisESG Analysis for Loans/Bonds
Liquidity and Stress Testing
Liquidity AnalysisStress Testing
Comparative Analysis
Sector vs Global ComparisonLiquidation Scenario Analysis
Specialized Credit Analysis
M&A and LBO AnalysisBanker's Perspective on Credit
Credit Proposal and Appraisal
Credit Proposal PreparationCredit Appraisal Process
Behavioral and Compliance Aspects
Behavioral Aspects of Credit OfficersPre-sanction MethodologiesKnow Your Customer (KYC)
3
Loan Documentation, Pricing and Risk Mitigation
Credit Default Swaps (CDS)CDS Fundamentals
Loan Documentation and Covenants
Loan DocumentationCovenants Analysis and Trends
Loan and Bond Pricing
Loan/Bond PricingSpreads and Curves
Bond Valuation and Analysis
Seniority RankingRich Cheap AnalysisBond Valuation Measures
Risk Mitigation Using Derivatives
Interest Rate DerivativesForex Hedging
4
Credit Rating - Internal and External
20%
Basics of Credit RatingCredit Rating Fundamentals
Credit Risk Management FrameworkRisk Management Framework
5C Credit Model Advanced5C Model Application
Analytical Framework for Credit AnalysisComprehensive Credit Analysis
Internal Rating Models (Basel Framework)Basel Internal Ratings
Risk Assessment Categories
Industry RiskBusiness RiskFinancial Risk
Rating Intricacies
Management Risk AssessmentProject Risk
Sector-Specific Rating Methodologies
Manufacturing CompaniesFinancial InstitutionsBanksSovereign Ratings
5
Credit Strategy and Portfolio Management
20%
Understanding Yield CurvesYield Curve Analysis
Trading on Interest Rate RisksInterest Rate Risk Management
Market Prediction and TimingPredicting the Market
Introduction to Distressed DebtDistressed Debt Analysis
Understanding Systemic RiskSystemic Risk Assessment
Multi-Asset Class Portfolio AnalysisCredit in Multi-Asset Portfolios
Trading Strategies for Emerging MarketsEmerging Markets Credit
Credit Spreads Analysis
Understanding Credit SpreadsTrading on Credit Spreads
6
Credit Monitoring, NPA Management, Enhancement and Securitization
20%
Credit Enhancement and StructuresCredit Enhancement Techniques
Credit Monitoring and Early Warning Signals
Credit Monitoring SystemsEarly Warning Signals
Asset/Mortgage Backed Securitization
Securitization StructuresRating of ABS/MBS
Stressed Asset Management
NPA Management FrameworkRecovery ProcessesCDR MechanismNPA and ABS/MBS Valuation
7
Credit Risk Models and Regulations
20%
CRA Regulations and Debt Guidelines
Credit Rating Agency RegulationsDebt Market Guidelines
Credit Risk Models
Credit Risk Modeling ApproachesInterest Rate Modeling
Statistical Modeling Techniques
Regression AnalysisTime Series Modeling
Merton and Other Models
Merton's Structural ModelAlternative Credit Models
Regulatory Compliance
Basel FrameworkIFRS 9 and ECL
8
Corporate Banking Facilities and Other Financing Forms
20%
Types of Corporate Banking FacilitiesCorporate Banking Product Suite
Assessment of Working Capital FinanceWorking Capital Finance
Treasury AnalysisCorporate Treasury Products
Specialized Lending Perspectives
NBFC PerspectivePrivate Banking PerspectiveAsset Reconstruction Company (ARC) Perspective
Sector-Specific Lending
Priority Sector/Agri LendingLoan Against PropertyLoan Against Securities
Structured Financing
Common Financing StructuresConsortium Lending
Green Bonds and Sustainable Finance
Green BondsSustainable Finance
How do I earn this certification?
Passing CCRA earns the Certified Credit Research Analyst (CCRA™) certification. It sits in the Credit Risk and Analysis track.
Next Level Options
- FRM (Financial Risk Manager) Advanced risk management with global recognition
- CFA (Chartered Financial Analyst) Comprehensive investment analysis and portfolio management
- CPA (Certified Public Accountant) Accounting and auditing expertise
Alternative Paths
- CRISIL CCU - CRISIL Certified Credit Underwriter Specialized credit underwriting focus in Indian market
- NISM-XV - NISM Research Analyst Certification Equity research complementary skills
- CRA (Credit Risk Analyst) Focused credit risk management
Practice with Precision
The PlanetCert Simulator mirrors the real exam environment with authentic questions and timed pressure.
How to study for this exam?
The most effective way to prepare for CCRA is by using the PlanetCert Simulator to practice questions and review detailed explanations.
What's changed on this exam?
Current Status
- ACTIVE
- Last content update: 2019-10-03
Who should take this exam?
- Bachelor's degree in finance, accounting, or related field
- Minimum 3 years in credit risk, operational risk, or financial risk management