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Demystifying Debt Securities Credit Ratings
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainer
  • Overview
    Programme Details
    Date
    15 November 2023
    Time
    9:00 AM – 5:00 PM
    Venue
    Online (Zoom)
    HRDC PROG NO
    10001292656
    This one-day programme provides participants with an understanding of the publicly-available credit rating practices and methodologies employed by rating agencies for assessing corporate credit risk. Rating methodologies and financial ratios are covered. This programme helps to improve participants' use and interpretation of credit ratings in their day-to-day work.
    Learning Level
    Intermediate
    Programme Fees*

    AICB MEMBER

    MYR

    1,700

    / PAX

    NON-MEMBER

    MYR

    2,000

    / PAX

    *Subject to 6% Service Tax

  • Objectives & Outline
    LEARNING OBJECTIVES
    By the end of the programme, participants will be able to:
    • Explain the purpose of credit ratings
    • Describe different types of credit ratings and their application
    • Outline the process for assigning credit ratings
    • Determine drivers for rating upgrades and downgrades
    PROGRAMME OUTLINE

    Credit Ratings – An overview

    • Credit rating definition
    • Typical credit rating scale
    • Capital markets' use of ratings
    • Differences between issuer and issue ratings
    • Exercise: Comparing ratings and market indicators


    Concepts of probability of default, loss given default, and expected loss

    • Approaches to determining probability of default
    • Factors affecting recovery rates
    • Case study: Determining default probability


    Factors affecting credit rating

    • Sovereign and country rating
    • Corporate rating
    • Case studies: Sovereign and corporate defaults


    Cash Flow & Financial Ratio Analysis

    • Key cash flow concepts explained
    • Financial ratios used in the ratings process
    • Evaluating liquidity for investment grade issuers
  • Methodology
    Lecture, discussion and case studies
  • Participant Profile

    Suitable for anyone wanting to become better informed about credit ratings and the rating process, including bankers, dealers, brokers, financial advisors, wealth managers, accountants, risk managers, compliance officers, auditors and credit analysts who use ratings to help with investment decisions

  • Trainer

    Wong Loke Lim

    Loke Lim has almost thirty years of banking and finance-related experience. Currently, he is the principal of i-Biz Concept Sdn Bhd, a financial training and management resources provider. He is also a director of a Bursa Malaysia-listed company and sits on the Board of Governors of the Financial Planning Association of Malaysia, where he was the Deputy President from 2011-2013. Previously, he was the Chief Executive/Licensed Representative of a fund management company, a general manager at KAF Investment Bank Berhad and the Group Chief Internal Auditor of a KLSE (now Bursa Malaysia)-listed company. He speaks regularly on topics relating to capital markets, treasury, accounting and wealth management, and conducted training programmes for capital market professionals, private bankers and wealth managers in various financial centres in the Asia-Pacific region. He is a chartered accountant, a fellow of the Association of Chartered Certified Accountants and a Certified Financial Planner.

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