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AIWMI CCRA-L2 Exam Overview:
| Certification Vendor: | AIWMI |
|---|---|
| Exam Name: | Certified Credit Research Analyst Level 2 (CCRA-L2) |
| Exam Number: | CCRA-L2 |
| Exam Price: | INR 3540 |
| Passing Score: | 65-70% |
| Exam Duration: | 240 minutes |
| Exam Format: | Scenario-based questions, Multiple Choice Questions, Case Studies |
| Related Certifications: | Certified Credit Research Analyst Level 1 (CCRA-L1) |
| Available Languages: | English |
| Real Exam Qty: | Approximately 100 |
| Certificate Validity Period: | Not explicitly specified (typically not formally limited; subject to AIWMI policy updates) |
| Recommended Training: | AIWMI Learning Resources Portal |
| Exam Registration: | AIWMI Official Registration |
| Sample Questions: |  |
| Exam Way: | Online remote proctored exam |
| Pre Condition: | No strict formal prerequisite; Level 2 is intended for candidates with foundational knowledge from Level 1 or equivalent credit/finance experience. |
| Official Syllabus URL: | https://aiwmi.com |
AIWMI CCRA-L2 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Credit Monitoring and Risk Management | - Early Warning Indicators - NPA Management |
| Credit Rating Analysis | - Rating Methodologies and Interpretation - Internal and External Credit Ratings |
| Credit Risk Models and Regulations | - Basel III Capital Framework - Probability of Default (PD), LGD, EAD |
| Corporate Banking and Financing Structures | - Trade Finance and Structured Credit - Term Loans and Working Capital Facilities |
| Credit Strategy and Portfolio Management | - Sector Exposure and Credit Allocation - Portfolio Diversification and Concentration Risk |
Questions and Answers About AIWMI Certified Credit Research Analyst Level 2
AIWMI Certified Credit Research Analyst Level 2 is an official AIWMI exam, listed under exam code CCRA-L2. A passing result earns you the Certified Credit Research Analyst certification at the Professional level. It also ties into Certified Credit Research Analyst Level 1 (CCRA-L1), extending its value across your certification roadmap. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect Approximately 100 questions inside 240 minutes on the AIWMI Certified Credit Research Analyst Level 2 exam. That pace punishes hesitation, so rehearse it: the ActualPDF software engine simulates the real exam scene, reminds you of the questions you got wrong, and pushes you to re-practice them until the clock stops being your enemy.
Passing AIWMI Certified Credit Research Analyst Level 2 requires 65-70%, and the official registration fee is INR 3540. Retakes charge the full INR 3540 again, which is why experienced candidates treat preparation as the cheaper exam fee. Verify your readiness with repeated ActualPDF practice scores above the requirement before you commit to a date.
No strict formal prerequisite; Level 2 is intended for candidates with foundational knowledge from Level 1 or equivalent credit/finance experience.
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Registration for AIWMI Certified Credit Research Analyst Level 2 goes through the official channels listed here.
When you schedule, note that the exam is delivered Online remote proctored exam.
AIWMI recommends the following training for AIWMI Certified Credit Research Analyst Level 2 candidates.
Follow any course with the 85 practice questions in the ActualPDF CCRA-L2 package; the software engine will even remind you which mistakes need another round.
Yes. ActualPDF provides a free download demo of the AIWMI Certified Credit Research Analyst Level 2 material, so you can check the content before choosing a version. After purchase, a one-year warranty covers you: the latest version is sent to you as it releases, free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your purchase is covered by a 100% money-back guarantee with clear conditions. Take the AIWMI Certified Credit Research Analyst Level 2 exam within 60 days of purchase; if you fail, provide your unqualified result by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the full refund is processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are not covered. Alternatively, exchange for two other exam products of equal value, free, or wait for updates while keeping your original product's update service.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, which works 7/24 and normally replies within two hours. Installation is unlimited across your computers.
The AIWMI Certified Credit Research Analyst Level 2 syllabus spans 5 domains, led by Credit Monitoring and Risk Management, Credit Rating Analysis, and Corporate Banking and Financing Structures. The complete topic list is published above; candidates who study the map first rarely get lost later.
AIWMI Certified Credit Research Analyst Level 2 Sample Questions:
Under an advance factoring contract, following flow of money takes place:
- A. Only A and B
- B. Only B
- C. Only C
- D. A, B and C
- E. The cost associated with the transaction is paid upfront by the seller to the factoring agent.
- F. Factor pays a percentage of the invoice face value to the seller at the time of sale
- G. The remainder of the purchase price is held by factor until the payment by the account debtor is made.
Correct Answer: B 🗳️
Mark Construction Company (MCC) has bagged a contract for construction of a large dam and hydro power project on river Shivna in Madhya Pradesh (MP). The project is also of relevance from the irrigation perspective due to its location and as per the agreement MCC will have to undertake construction of web of canals, approach road to dam, power house and other ancillary units. MCC is promoted by Mr. Thomas Mark, who is a MP from the ruling party which recently formed government in MP. Historically, MCC has been engaged into construction of rural roads, small bridges and railway platforms on contract basis for the Government. MCC will have a separate special purpose vehicle (SPV) floated for this venture.
The hydro power project comes under the public private partnership scheme of the Government of MP, where in the private partner builds owns operates and transfers (BOOT) the hydro power plant. The detailed terms of the hydro power project agreement are as follows:
1. The construction of the dam, canals and hydro power plant shall be undertaken by the contractor. The Government of MP will have to acquire land which will submerge on construction of dam and shall rehabilitate the owners of land.
2. MCC shall have right to operate the hydro power project from date of commencement of commercial operations (DCCO) for a period of 20 years and shall transfer the project to Government thereafter. Further, SPV shall be tax exempt for a period of five years from DCCO i.e. FY17-FY21.
3. The power project is of 600 megawatts (MW) shall comprise 4 units of 150 MW each. The estimated cost of project is about INR3, 500 Million to be spent over a period of 4 year(s) the project is estimated to be commercially operational by April 1, 2016 with two units operational om same day and one unit each will be operational on April 1, 2017 and April 1, 2018.
4. Means of finance:
Means of Finance INR Million
Government Aid (To be classified as Equity) 500Equity 900 Debt 2100
5. Amount if expenditure estimated in various years is as follows:
Debt shall bear a fixed rate of interest of 10% and all interest till DCCO shall be added to the principal. The expected principal along with capitalized interest is expected to be INR2, 400 Million (i.e.INR2100 Million debtplus INR300 Million capitalized interest). The repayment of the same shall be in 12 equated annual installments starting from FY17.
Brief projections for the period of FY17 to FY21 are given below:
Developments as on March 31, 2015
The project manager for the SPV made following comments at a press conferee on March 31, 2015:
As you all are aware, we were running bang on schedule till we last met on December 21, 2014. From today we are just left with one more year to complete the project in time. However, the flash floods which struck our dam site on this March 15, 2015 have created havoc in the region. I shall not point out the loss of lives in the region as you all are well aware of those. Our project has also been badly hit due to the same and we have been assessing the damage over the last one week. After analyzing damage, we have made changes in project schedule. Now we will be making only one unit of 150 MW operational on April 1, 2016 and 1 unit each will be added in each of subsequent year(s).
Development as on September 30, 2015
Post the flash floods, lot of environmentalists started raising issues of changes in environment due to construction of large number of dams. A few Public Interest Litigations (PILs) have been filed in various courts.
Honorable High Court of MP on September 27, 2015, banned construction of any dams in the region and banned permissions for new dams till next hearing scheduled on November 30, 2015. MCC in its press release has indicated that they will apply to the higher court on the matter.
As a credit rating analyst on September 30, 2015, on receipt of the high court order, what rating action you will take:
- A. Immediately downgrade ratings of SPV.
- B. Change rating outlook for long term to negative.
- C. No action, wait for order if higher courts or hearing on November 30, 2015.
- D. Put ratings on rating watch.
Correct Answer: D 🗳️
Mark Construction Company (MCC) has bagged a contract for construction of a large dam and hydro power project on river Shivna in Madhya Pradesh (MP). The project is also of relevance from the irrigation perspective due to its location and as per the agreement MCC will have to undertake construction of web of canals, approach road to dam, power house and other ancillary units. MCC is promoted by Mr. Thomas Mark, who is a MP from the ruling party which recently formed government in MP. Historically, MCC has been engaged into construction of rural roads, small bridges and railway platforms on contract basis for the Government. MCC will have a separate special purpose vehicle (SPV) floated for this venture. The hydro power project comes under the public private partnership scheme of the Government of MP, where in the private partner builds owns operates and transfers (BOOT) the hydro power plant. The detailed terms of the hydro power project agreement are as follows:
1. The construction of the dam, canals and hydro power plant shall be undertaken by the contractor. The Government of MP will have to acquire land which will submerge on construction of dam and shall rehabilitate the owners of land.
2. MCC shall have right to operate the hydro power project from date of commencement of commercial operations (DCCO) for a period of 20 years and shall transfer the project to Government thereafter. Further, SPV shall be tax exempt for a period of five years from DCCO i.e. FY17-FY21.
3. The power project is of 600 megawatts (MW) shall comprise 4 units of 150 MW each. The estimated cost of project is about INR3, 500 Million to be spent over a period of 4 year(s) the project is estimated to be commercially operational by April 1, 2016 with two units operational om same day and one unit each will be operational on April 1, 2017 and April 1, 2018.
4. Means of finance:
Means of Finance INR Million
Government Aid (To be classified as Equity) 500Equity 900 Debt 2100
5. Amount if expenditure estimated in various years is as follows:
Debt shall bear a fixed rate of interest of 10% and all interest till DCCO shall be added to the principal. The expected principal along with capitalized interest is expected to be INR2, 400 Million (i.e.INR2100 Million debt plus INR300 Million capitalized interest). The repayment of the same shall be in 12 equated annual installments starting from FY17.
Brief projections for the period of FY17 to FY21 are given below:
Developments as on March 31, 2015
The project manager for the SPV made following comments at a press conferee on March 31, 2015:
As you all are aware, we were running bang on schedule till we last met on December 21, 2014. From today we are just left with one more year to complete the project in time. However, the flash floods which struck our dam site on this March 15, 2015 have created havoc in the region. I shall not point out the loss of lives in the region as you all are well aware of those. Our project has also been badly hit due to the same and we havebeen assessing the damage over the last one week. After analyzing damage, we have made changes in project schedule. Now we will be making only one unit of 150 MW operational on April 1, 2016 and 1 unit each will be added in each of subsequent year(s).
Development as on September 30, 2015
Post the flash floods, lot of environmentalists started raising issues of changes in environment due to construction of large number of dams. A few Public Interest Litigations (PILs) have been filed in various courts.
Honorable High Court of MP on September 27, 2015, banned construction of any dams in the region and banned permissions for new dams till next hearing scheduled on November 30, 2015. MCC in its press release has indicated that they will apply to the higher court on the matter.
On receiving the credit proposal, the banker informed the company that in FY17 the DSCR is below unity, which is not acceptable to bank. Which of the following is correct?
- A. Had the cash accruals be more by INR8 Million, DSCR would have been unity, SPV can provide an explicit credit enhancement for the same from MCC.
- B. Had the cash accruals be more by INR12 Million, DSCR would have been unity. SPV can provide an explicit credit enhancement for the same from MCC.
- C. Had the cash accruals be more by INR50 Million, DSCR would have been unity. SPV can provide an implicit credit enhancement for the same from MCC.
- D. Had the cash accruals be more by INR8 Million, DSCR would have been unity. SPV can provide an implicit credit enhancement for the same from MCC.
Correct Answer: A 🗳️
Bank A has an imaginary portfolio of USD 1000 Million distributed towards following four entities:
Bank A is stipulated to maintain a capital adequacy ratio of 11% on its risk weighted assets. It is being stipulated that the ratings for all the four entities is expected to be downgraded by 1 notch each. Estimate the amount of new capital required for Bank A?
- A. USD 93.5 Million
- B. USD 38.5 Million
- C. USD 850 Million
- D. USD 55 Million
Correct Answer: B 🗳️
Statement 1: The Yields on the MBS PTCs are normally higher than the yields on the corporate bonds of similar ratings.
Statement 2: The reason for difference in yields on the corporate bonds and similarly rated PTCs is on account of the optionality in the PTC, the unfamiliarity of the structure and uncertainties in respect of legal and structural issues.
Which of the above statements is correct?
- A. Both the statements
- B. Only Statement 1 is correct
- C. Only Statement 2 is correct
- D. None of the statements
Correct Answer: B 🗳️
