# The Downgrade: Leading When Your Credit Rating Is Cut

> For chief executives, chairs, CFOs and treasurers of companies that borrow in the markets or from banks. Find every trigger buried in your contracts…

- Provider: BrandsClass Executive Academy (a Brands Nexus Network Limited company)
- Format: online lessons, then a live virtual boardroom simulation with AI board members, scored against a published rubric
- Duration: about 240 minutes (9 lessons)
- Access: 365 days from the day you start
- Price: ₦255,000 (NGN)
- Certificate: a certificate that anyone can verify online. It is not a regulated or accredited qualification.
- Level: Boardroom
- Who it is for: Chief executives, chairs, CFOs, treasurers and general counsel of companies with rated or market-financed debt, and of infrastructure, energy and sovereign-linked businesses.
- Page: https://brandsclass.com/courses/the-downgrade-leading-when-your-credit-rating-is-cut/
- Last updated: 2026-10-20

## What you will learn

- Understand how ratings work and why downgrades create cascades
- Find every rating trigger across loans, bonds, derivatives and contracts
- Protect liquidity with a rolling forecast and disciplined collateral management
- Engage the rating agency honestly and with a credible plan
- Manage lenders, bondholders and investors fairly and lawfully
- Reassure customers, suppliers and counterparties without misleading them
- Choose between asset sales, equity, restructuring and other hard options, and rebuild credit

## Lessons

1. Anatomy of a downgrade
2. The first hours: command and the rationale
3. Triggers and cliffs
4. Liquidity and treasury under pressure
5. The rating agency relationship
6. Lenders, bondholders and investors
7. Customers, suppliers and counterparties
8. Hard decisions
9. Rebuilding credit

## How to enrol

Open https://brandsclass.com/courses/the-downgrade-leading-when-your-credit-rating-is-cut/ to create a free account and buy a seat.