Understanding Corporate Credit Ratings From an Issuer's Perspective

Built for CFOs, finance controllers, senior corporate finance leaders, pre-IPO founders and corp dev teams who sit on the other side of the rating table. Most material on credit ratings is written for investors reading a rating. This course is written for the company being rated. It covers how CRISIL, ICRA, CARE and India Ratings assess business and financial risk, what goes into the information pack and the management meeting, how to read and respond to a rating committee outcome, and how to manage surveillance, outlook changes and non-cooperation flags. It then turns the rating into a planning tool: building a shadow rating model, testing capex, acquisitions and dividends against agency thresholds, handling rating triggers in loan and bond documents, and translating rating notches into spreads on bonds, bank loans and commercial paper. It closes with downgrades, the strict Indian default definitions, and lessons from IL&FS.