Internal Ratings for Non-rated Counterparties

Although certain credit policies/decisions are often tied directly to credit ratings, as credit professionals we also need to evaluate non-rated and privately held counterparties for creditworthiness. Mr. Grossmann will discuss credit ratings as often applied to credit decisions in wholesale energy markets and various aspects of the evaluation and rating of non-rated counterparties and focus on the process of financial analysis. Topics will include the determination of “creditworthiness”, financial statement analysis, adjustments to financial data, ratio analysis, ranking and scaling of quantitative and qualitative factors and internal scoring. 1.5 hrs CPE – Finance, 1.5 hrs CE