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AIWMI CCRA-L1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Statement Analysis | 25% | - Understanding Financial Statements - Ratio Analysis & Profitability Metrics - Quality of Earnings & Accounting Adjustments - Cash Flow & Liquidity Analysis |
| Topic 2: Credit Risk Assessment & Methodologies | 25% | - Traditional Credit Analysis Models - Recovery Rate & Loss Given Default - Credit Scoring & Probability of Default - Key Credit Risk Drivers |
| Topic 3: Introduction to Credit Research & Markets | 15% | - Credit Rating Agencies & Rating Scales - Structure of Global Debt & Credit Markets - Concepts of Credit & Credit Risk |
| Topic 4: Fixed Income Instruments & Valuation | 10% | - Interest Rate & Credit Spread Risk - Types of Debt Instruments - Yield, Spread & Price Basics |
| Topic 5: Industry & Company Analysis | 15% | - Industry Structure & Competitive Position - Management Quality & Corporate Governance - Business Risk & Operating Environment |
| Topic 6: Macroeconomics & Regulatory Framework | 10% | - Debt Covenants & Security Structures - Macroeconomic Factors Impacting Credit - Legal & Regulatory Environment |






