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Exam Code: CCRA-L2
Exam Name: Certified Credit Research Analyst Level 2
Updated: Oct 30, 2026
Q & A: 85 Questions and Answers
CCRA-L2 Free Demo download
AIWMI CCRA-L2 (Certified Credit Research Analyst Level 2) Certification Exam is a well-known and respected certification program designed for professionals who specialize in credit research. Certified Credit Research Analyst Level 2 certification exam is the second level of the CCRA certification program and is designed for individuals who want to further their knowledge and skills in credit research, analysis, and evaluation.
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To be eligible for the CCRA-L2 certification exam, candidates must have a minimum of two years of relevant work experience in credit research analysis or a related field, as well as a bachelor's degree or higher in finance, accounting, economics, or a related discipline. CCRA-L2 exam itself consists of 120 multiple-choice questions that are designed to test the candidate's knowledge and understanding of the key concepts and principles of credit research analysis.
Reference: https://www.aiwmindia.com/designations/certified-credit-research-analyst-ccra/
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Credit Monitoring, NPA & Securitization | 25% | - Stressed assets, NPA valuation, and restructuring - Securitization, ABS/MBS rating, and credit enhancement - Early warning signals and credit monitoring framework |
| Topic 2: Regulations & Advanced Analysis | 10% | - Credit regulatory guidelines - Advanced financial statement analysis & forecasting |
| Topic 3: Credit Rating – Internal and External | 25% | - Basel framework and internal rating models - Fundamentals of credit rating and risk assessment - Rating methodologies for corporates, banks, and sovereigns |
| Topic 4: Credit Strategy and Portfolio Management | 25% | - Multi-asset credit analysis and portfolio strategies - Distressed debt analysis and systemic risk - Yield curves, credit spreads, and interest rate risk |
| Topic 5: Credit Risk Models & Corporate Finance | 15% | - Debt covenants, capital structure, and working capital - Credit risk modeling and stress testing |
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