A credit rating estimates the credit worthiness of an individual, corporation, or even a country. It is an evaluation made by credit bureaus of a borrower’s overall credit history. A credit rating is also known as an evaluation of a potential borrower’s ability to repay debt, prepared by a credit analyst at the request of lender. Credit ratings are calculated from financial history and current assets. liabilities & cashflows. Typically, a credit rating tells a lender or investor the probability of the subject being able to pay back a loan.
Opportunities are emerging in India for professionals in this field. Companies like CRISIL & ICRA are the leading organization in the country for Credit rating. As more and more companies are raising debt from the market for their expansion, requirement of credit analyst is increasing.
To become Credit Analyst sound fundamentals of Accountancy, Financial Markets and Financial Modeling is required.
If you are a graduate and want to become a Credit Analyst you can go for the 2 years program from CRISIL , for more information you can visit to CRISIL website.
Chartered Accountants, CFA, MBA in Finance with sound knowledge on Financial Modeling can also find great opportunities in this area. To learn financial modeling one can go for NSE India Certified Financial Modeling program.
Skills set require to become a credit Analyst:
1. Sound Knowledge on Accountancy, Financial Markets, Financial Management
2. Critical thinking
3. Number crunching ability
4. Excel Modeling
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