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AIWMI CCRA-L2 Exam Questions

Exam Name: Certified Credit Research Analyst - Level 2
Exam Code: CCRA-L2 CCRA - Level 2
Related Certification(s): AIWMI Certified Credit Research Analyst CCRA Certification
Certification Provider: AIWMI
Number of CCRA-L2 practice questions in our database: 84 (updated: Oct. 05, 2025)
Expected CCRA-L2 Exam Topics, as suggested by AIWMI :
  • Topic 1: Preparation of Credit Proposal and Credit Appraisal, Capital Budgeting Methods/ CRA Regulations and Debt Guidelines
  • Topic 2: Bond Valuation Measures including Swaps, OAS, YTW, YTM/ Classification of Investments in Financial Assets
  • Topic 3: Loan documentation, Covenants analysis and Trends/ Ratings For Financial Institutions And Banks, Sovereign Ratings, Internal Rating models(Basel)
  • Topic 4: Understanding Credit Spreads, Trading on Credit Spreads/ Ratio Analysis, Financial Modelling and Covenant Testing
  • Topic 5: Credit Monitoring and Identification of Early Warning Signals/ Assessment of Working Capital Finance, Analyze Treasuries and other corporate papers
  • Topic 6: Nuances of Accounting: Inventories, Depreciation, EPS, Intangible Assets/ Analysis in a Multi Asset Class portfolio
  • Topic 7: Nuances of Leases, Hire Purchase, Pension Liabilities/ Rating of Asset Backed and Mortgage Backed Securitization Transactions
  • Topic 8: Nuances of Credit Analysis from NBFC Perspective, Private Banking perspective, ARCPerspective/ Risk Mitigation using derivatives like swaps, FRA, caps and floors, Forex Hedge
  • Topic 9: Trading Strategies for Emerging Markets/ Ratings Methodology For Manufacturing Companies/ Understanding and analysis of Corporate Banking Facilities and other financing forms
Disscuss AIWMI CCRA-L2 Topics, Questions or Ask Anything Related

Tyra

3 days ago
The exam covered distressed debt investing. Review valuation methods and restructuring strategies for distressed securities.
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Cordelia

6 days ago
There were questions on loan syndication. Understand the process, participants, and risk sharing in syndicated loans.
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Carylon

7 days ago
I started the exam day nervous about the tricky credit metrics, but PASS4SUCCESS broke it down into clear steps and practice questions, giving me the confidence to push through. You've got this—believe in your prep and go for it!
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Major

8 days ago
I recently cleared the AIWMI Certified Credit Research Analyst - Level 2 exam, and Pass4Success practice questions were a big help. A tricky question on the exam was related to credit strategy and portfolio management. It asked about the importance of diversification in a credit portfolio. Despite my doubts, I passed.
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Sue

1 months ago
Aced AIWMI CCRA Level 2! Pass4Success, your practice questions were a perfect fit. Thanks for the speedy prep!
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Elenora

1 months ago
I’m pleased to share that I passed the AIWMI Certified Credit Research Analyst - Level 2 exam, thanks to Pass4Success practice questions. One question that I found challenging was about internal and external credit ratings. It asked to describe the role of credit rating agencies in the financial markets. Even though I was unsure, I managed to pass.
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Danilo

3 months ago
CCRA Level 2 success! Pass4Success, your materials were spot-on. Couldn't have prepared so quickly without you!
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Jani

3 months ago
Know your way around credit rating methodologies. The exam tested on both agency and internal rating approaches.
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Marvel

4 months ago
Made it through CCRA Level 2! Pass4Success, your practice tests were crucial. Thanks for the time-saving prep!
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Gerardo

5 months ago
AIWMI CCRA Level 2 certified! Pass4Success, your exam questions were a perfect match. Grateful for the efficient prep!
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Laurene

6 months ago
Passed CCRA Level 2 today! Pass4Success, you nailed it with your prep materials. Thank you!
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Maia

7 months ago
Expected loss calculation was a key topic. Practice using PD, LGD, and EAD in various scenarios. Pass4Success practice questions were really helpful here!
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Hortencia

7 months ago
Brush up on different types of credit enhancements. They asked about guarantees, cash collateral, and overcollateralization.
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Leeann

7 months ago
Just conquered AIWMI CCRA Level 2! Pass4Success, you're a game-changer. Your questions were so relevant!
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Youlanda

8 months ago
The exam included questions on credit portfolio management. Understand diversification strategies and portfolio risk measures.
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Starr

8 months ago
Project finance analysis was featured. Review risk assessment methods for large-scale infrastructure projects.
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Sage

8 months ago
Success! CCRA Level 2 in the bag. Pass4Success, your materials were spot on. Saved me weeks of studying!
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Judy

8 months ago
Make sure you understand different types of covenants in debt agreements. The exam had several questions on this topic.
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Stefan

9 months ago
Having passed the AIWMI Certified Credit Research Analyst - Level 2 exam, I can say that Pass4Success practice questions were a great resource. A tough question on the exam was about credit monitoring and NPA management. It asked how to implement a robust NPA management framework. I wasn't sure of my answer, but I still passed.
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Lashaunda

9 months ago
There were questions on sovereign credit analysis. Study factors affecting sovereign ratings and default risks. Pass4Success materials were spot-on for this!
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Glory

9 months ago
AIWMI CCRA Level 2 done and dusted! Pass4Success, your practice tests were gold. Thanks for the quick prep!
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Rose

9 months ago
Corporate restructuring was an important topic. Review different types of restructuring and their impact on creditworthiness.
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Buck

10 months ago
The exam tested knowledge of credit scoring models. Understand both statistical and judgmental approaches to credit scoring.
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Sylvie

10 months ago
I’m happy to report that I passed the AIWMI Certified Credit Research Analyst - Level 2 exam, with help from Pass4Success practice questions. One question that was particularly challenging involved credit risk models and regulations. It asked about the differences between the Standardized Approach and the Internal Ratings-Based Approach under Basel II. Despite my uncertainty, I passed.
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Jovita

10 months ago
Passed CCRA Level 2 with flying colors. Pass4Success, your exam prep was invaluable. Couldn't have done it without you!
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Mollie

10 months ago
Be ready for questions on regulatory frameworks like Basel III. Know the key components and how they affect credit risk management.
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Peggie

10 months ago
Just passed the AIWMI Certified Credit Research Analyst - Level 2 exam, and the Pass4Success practice questions were invaluable. There was a difficult question about the different forms of corporate banking facilities. It asked to explain the benefits of a letter of credit over a bank guarantee. I was unsure, but I managed to pass.
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Frank

11 months ago
Credit derivatives were heavily featured. Study CDS, total return swaps, and credit-linked notes. Pass4Success really helped me grasp these concepts quickly!
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Alaine

11 months ago
I’m excited to announce that I passed the AIWMI Certified Credit Research Analyst - Level 2 exam, and Pass4Success practice questions were a big help. One question that puzzled me was related to credit strategy and portfolio management. It asked about the key components of a credit portfolio strategy. I wasn't confident in my answer, but I still passed.
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Salome

11 months ago
Woohoo! Cleared AIWMI CCRA Level 2. Pass4Success, you're the best! Your questions were exactly what I needed.
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Peggie

11 months ago
Bond valuation was a significant topic. Practice calculating yields and understanding the relationship between price and yield.
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Izetta

11 months ago
Passing the AIWMI Certified Credit Research Analyst - Level 2 exam was a great achievement for me, aided by Pass4Success practice questions. A question that caught me off guard was about the internal and external credit rating processes. It asked to compare the methodologies used by major credit rating agencies. Despite my doubts, I passed.
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Elouise

12 months ago
The exam had several questions on structured finance products. Review CDOs, CLOs, and mortgage-backed securities thoroughly.
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William

12 months ago
I’m thrilled to share that I passed the AIWMI Certified Credit Research Analyst - Level 2 exam, thanks in part to Pass4Success practice questions. One challenging question involved the process of credit monitoring and the steps to manage Non-Performing Assets (NPAs). It asked about the early warning signals for NPAs. Even though I was unsure, I managed to get through.
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Loren

1 years ago
CCRA Level 2 was tough, but I made it! Pass4Success materials were a lifesaver. Matched the real exam perfectly.
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Dahlia

1 years ago
Prepare for questions on financial statement analysis. They asked about key ratios and their interpretations in credit evaluation. Thanks to Pass4Success for the great prep materials!
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Virgina

1 years ago
Having just cleared the AIWMI Certified Credit Research Analyst - Level 2 exam, I can attest to the value of Pass4Success practice questions. There was a tricky question on the exam about the Basel III regulations and how they impact credit risk models. It specifically asked about the capital adequacy ratio and its importance. I wasn't entirely sure of my answer, but I still succeeded.
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Luisa

1 years ago
Just passed the AIWMI CCRA Level 2 exam! The credit risk assessment questions were challenging. Make sure you understand different credit risk models and their applications.
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Dwight

1 years ago
I recently passed the AIWMI Certified Credit Research Analyst - Level 2 exam, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the different types of corporate banking facilities and their specific uses. It asked about the key differences between a revolving credit facility and a term loan. Despite my uncertainty, I managed to pass.
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Bernadine

1 years ago
Just passed the AIWMI CCRA Level 2 exam! Thanks Pass4Success for the spot-on practice questions. Saved me so much prep time!
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Franklyn

1 years ago
With the support of Pass4Success practice questions, I was able to pass the AIWMI Certified Credit Research Analyst - Level 2 exam. The exam included topics such as CRA Regulations, Debt Guidelines, and Bond Valuation Measures. One challenging question I encountered was related to capital budgeting methods, where I had to analyze different methods and choose the most suitable one for a given scenario.
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Reita

1 years ago
My exam experience for the AIWMI Certified Credit Research Analyst - Level 2 exam was successful, thanks to Pass4Success practice questions. The topics on Bond Valuation Measures and Classification of Investments in Financial Assets were crucial for the exam. One question that stood out to me was about bond valuation measures, specifically comparing different measures like YTW and YTM for a given bond.
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Myra

1 years ago
Just passed the CCRA Level 2 exam! A tricky question involved analyzing a company's credit risk using financial ratios. Focus on interpreting liquidity and leverage ratios, and their impact on creditworthiness. Thanks to Pass4Success for the spot-on practice questions that helped me prepare efficiently!
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Karan

1 years ago
I passed the AIWMI Certified Credit Research Analyst - Level 2 exam with the help of Pass4Success practice questions. The exam covered topics such as Preparation of Credit Proposal and Credit Appraisal, Capital Budgeting Methods, and Debt Guidelines. One question that I remember was related to the classification of investments in financial assets, where I had to determine the appropriate category for a specific type of investment.
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Free AIWMI CCRA-L2 Exam Actual Questions

Note: Premium Questions for CCRA-L2 were last updated On Oct. 05, 2025 (see below)

Question #1

Under an advance factoring contract, following flow of money takes place:

A: Factor pays a percentage of the invoice face value to the seller at the time of sale

B: The remainder of the purchase price is held by factor until the payment by the account debtor is made.

C: The cost associated with the transaction is paid upfront by the seller to the factoring agent.

Reveal Solution Hide Solution
Correct Answer: D

Question #2

Which of the following may lead to the deterioration in credit profile of a bank?

Statement 1. Bank's Capital adequacy falling below regulatory requirement. Statement 2. Rise in Slippage ratio

Reveal Solution Hide Solution
Correct Answer: A

Question #3

If XYZ Ltd. incurs (with purchase and installation of machinery) using cash, which of the following ratios will remain unchanged, if all other things remain constant?

Reveal Solution Hide Solution
Correct Answer: C

Question #4

Following is information related banks:

Auckland Ltd is a public sector bank operating with about 120 branches across Indi

a. The bank has been in business since 1971 and has about 40% branches in rural areas and about 75% of all branches are in

Western India. On the basis of the size, Auckland Ltd will be ranked at number 31 amongst 40 banks in India.

Although top management has appointment period of 5 years, generally they retire on ach sieving age of 60 years with an average tenure of only 2 years at the top job.

Profit and Loss Account

Balance Sheet

The rating wise break-up of assets for FY11 is as follows:

Computer risk weighted assets for Auckland Ltd for FY11:

Reveal Solution Hide Solution
Correct Answer: C

Question #5

Risk in CDS price is reflective of

Reveal Solution Hide Solution
Correct Answer: A


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