Projections and Covenants is a comprehensive, application-oriented course designed for credit professionals who need to assess future business performance, evaluate downside risks and structure appropriate safeguards as part of the credit decision-making process.
Over approximately 7 hours, the course covers 6 modules. It builds from the fundamentals of financial projections to their practical use in credit analysis. Learners examine how to develop and interpret base-case projections, assess resilience through stress-case scenarios, and understand the implications of changing assumptions on repayment capacity and overall credit risk.
The course then explores the importance and use of covenants, including how suitable covenants and thresholds can be structured to support ongoing monitoring, provide early warning signals and strengthen credit discipline.
A comprehensive case study brings the learning together, giving participants an opportunity to apply projection analysis, scenario quiz and covenant thinking in an integrated credit situation.
By the end of the course, learners will be better equipped to use projections and covenants together to evaluate credit risk, anticipate potential stress and support more informed lending and monitoring decisions.
