S&P Teams with NYU Stern on Analyst Certification Program

Standard & Poor’s announced Thursday that it is working with New York University Stern School of Business and American College Testing (ACT) for its Credit Analyst Certification Program. S&P announced its intention to develop an analyst certification program last year as one of its 27 actions designed to strengthen the ratings process.

NYU Stern will develop the curriculum for the certification program. Finance faculty at Stern will conduct education programs in New York and Europe that focus on key analytical skills, including financial statement analysis, advanced statistical analysis, valuation, derivative basics, credit derivative products and credit scoring models. In addition, select faculty will participate in an overall review of the Credit Analyst Certification Program.

“S&P is committed to delivering independent, insightful, and objective credit analysis. By teaming with NYU Stern and ACT, we have developed a rigorous program that will complement the training our analysts already receive and further develop their skills,” Deven Sharma, President of S&P.

“Last year, S&P announced a number of initiatives aimed at strengthening the ratings process. Much like the appointment of our Ombudsman, today’s announcement is another example that we are fulfilling the commitments we’ve made to the market.”

Currently, S&P requires all new primary credit analysts in the United States to hold a Masters in Business Administration or a Masters in Finance or hold the Chartered Financial Analyst designation. Additionally, S&P requires at least 25 hours of continuing analytical education a year for all credit analysts.

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