B.Com. (Financial Markets) Credit Rating Principles and Practices Syllabus - Mumbai University
This is the FY BFM syllabus under NEP 2020, in force from the academic year 2024-25. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for Credit Rating Principles and Practices
Module I: Introduction to Credit Rating
- Definition of credit rating, Historical evolution and importance in financial markets, Role of credit rating agencies Identifying challenges faced by credit rating agencies, Exploring emerging trends in credit rating methodologies, Evaluating the impact of technology on credit rating practices Assessing Financial health for credit rating
Module II: Methodologies, process and Investment Decisions
- Overview of different credit rating methodologies, Analyzing quantitative and qualitative factors in credit assessment, Case studies on credit rating methodologies Steps involved in credit rating assessment, Due diligence and data collection, Rating committee process and decision-making Understanding the influence of credit ratings on investment decisions, Impact of credit ratings on bond yields and pricing Case studies on the relationship between credit ratings and investment outcomes
Reference Books
- The Essentials of Risk Management"* by Michel Crouhy, Dan Galai, and Robert Mark.
- Financial Statement Analysis and Security Valuation by Stephen H. Penman.
- Corporate Credit Analysis by Blaise Ganguin and John Bilardello.
- Credit Risk Management: Basic Concepts by Tony Van Gestel, Bart Baesens, and Wouter Verbeke.
- Credit Rating Agencies: Self-regulation, Statutory Regulation, and Case Law Regulation by Christian Bartholomew and Mabouba Diagne.
Reproduced from the University of Mumbai syllabus for B.Com. (Financial Markets) under NEP 2020, in force from the academic year 2024-25. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.