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CCRA-L2 Exam Questions & Answers

Certified Credit Research Analyst - Level 2  •  AIWMI

84 Questions Updated Sep 2026 99% Pass Rate
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Sample CCRA-L2 Questions

Practice with real exam-style questions, each with the verified correct answer and explanation.

Q1 MultipleChoice

Two economies HardLand and SincereLand have provided following information with respect to their economies in USD Billion:

Based on the above information which entity is better in terms of current account deficit %?

Correct Answer: B
Q2 MultipleChoice

Attributes of healthy cultural values exclude:

Correct Answer: B
Q3 MultipleChoice

The extension of a guarantee by company A to company B can lower the rating of___________

Correct Answer: A
Q4 MultipleChoice

The _______ cycle is the length of time between the company's outflow on raw materials and the manufacturing expenses and the inflow of cash from the sale of goods.

Correct Answer: D
Q5 MultipleChoice

In an industry there are only 20 firms and each of them has equal share. Compute Herfindahl Hirschman Index

and state the level of concentration in the industry.

Correct Answer: D

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Frequently Asked Questions

Candidates must hold a valid CCRA-L1 certification or have equivalent professional experience in credit analysis. Some organizations may require a minimum of 2-3 years of relevant work experience in credit research or financial analysis before attempting the Level 2 exam.

The CCRA-L2 exam typically consists of 100-150 multiple-choice questions and must be completed within 3-4 hours. The passing score is generally set at 70% or higher, though this may vary by testing year and administration.

The exam covers advanced credit analysis topics including financial statement analysis, credit risk assessment, industry analysis, and portfolio evaluation. It also includes advanced topics in credit modeling, covenant analysis, and structured finance products.

Exam fees typically range from $500-$800 USD, depending on membership status with AIWMI and registration timing. Members may receive discounts, and early registration often provides reduced pricing compared to last-minute registration.

The exam is generally offered multiple times throughout the year, with specific dates announced by AIWMI. The CCRA-L2 certification is typically valid for 3 years, after which professionals must renew through continuing education credits or exam retake.
Exam Details
  • Exam CodeCCRA-L2
  • VendorAIWMI
  • Total Questions84
  • LanguageEnglish
  • Last UpdatedSep 6, 2026
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