Professor Droussiotis's Web Platform

Columbia University- Credit Risk Management

HOME PAGE
DAILY MARKETS NEWSLETTER
_______________________________
---- SPRING 2026 LECTURES ---
Columbia ERM 5390 Credit Risk Mgmt
Fordham FNBU 3446 Fut. & Options
SHU BFIN 4261 Private Equity
SHU BFIN 4241 Mergers & Acquisitions
SHU BFIN 4234/7331 Fut. & Options
_______________________________
-------2026 SEMINARS --------
Columbia University Saturday Seminar
Columbia University Pre-College Finance
DROU ACCADEMY SEMINARS
_______________________________
Market Data Resources Links
_______________________________
-----PROFESSOR's INFO-----
PROFESSOR'S TEXT BOOKS
LECTURE VIDEOS
ACCESSS TEXTBOOKS (PWD)
_______________________________
DrouMarkets.com Sim Game
Biography
Published Books/Articles
Rate your Professor
_______________________________
--- OTHER COURSES ---
BARUCH COLLEGE
COLUMBIA UNIVERSITY
FAIRLEIGH DICKINSON UNIVERSITY
FORDHAM UNIVERSITY
SETON HALL UNIVERSITY
_______________________________
BARUCH CAPS
CITY UNITY COLLEGE

pictureCU.jpg

INFO:

LINKS:

 

INFO:

LINKS:

 

INFO:

LINKS:

 

INFO:

LINKS:

Syllabus

 

Professor's Inbox
(upload info for Professor)

Professor's INBOX

Professor's Email

 

Class Info/time

Mondays 6:30-8:30pm

KH B16

Zoom Call
(Accessing on-line zoom call)

Zoom Room

Active Learning
(access to Assignments):

Active Learning and order Textbook

Professor's Biography

Professor's Biography

Office Hours/Remote
(Wed & Thu 9:00-12pm)

Make an Appointment Link

Map to Building

Jan 20

Jan 27

Feb 3

Feb 10

Feb 17

Feb 24

Mar 3

Mar 10
Midterm Exam

Mar 17

Mar 24

Mar 31

Apr 7

Apr 14

Apr 21

Apr 28
Final Exam

IMG_2730.jpg

Introductions, Syllabus, Semester Outline

Career in Credit Risk Management

Chapter #1

Chapter #1 (Continue)
 
The US Banking System

Chapter #2-3

 
Credit Risk Portfolio Management 1

Chapter #4
 
Credit Risk Portfolio Management  2 

Chapter #9-10

Chapter #5
Case Study

Chapter #6
Case Study

Chapter #7-8 

Credit Risk Portfolio Management 3

Midterm Exam Review
(Exam on Credit Risk & Portfolio Management) 

Midterm Exam

N

O

 

C

L

A

S

S

GOING OVER MIDTERM EXAM 

Lecture #9: Debt Raising and Leveraged Buyouts (LBO)

Chapter #16

GOING OVER FINAL PROJECT 

Chapter #18

Final Exam Review

Final Exam

Assigned Lectures &
Class Presentations

Introduction & Overview to Credit Analysis

Chapter 1 - Credit Basics, TVM and Role

 

Chapter 2 - Secondary Credit Markets

Chapter 3 - Credit Risk Analysis

Chapter 4 - Credit Risk Management

Chapter 9 - Corporate Loans

Chapter 10 - Leveraged Loans, Private Credit and CLOs

Chapter 5 - Company Specific and Industry Risk

Chapter 6 - Financial Credit and Structure of the Loan

Chapter 7 - Market Risk & Loan Syndication

Chapter 8 - External Credit and Other Credit Analysis

Midterm Exam Review

 

LBO Presentation - An Overview

Chapter 16 - Financial Analysis

 

Chapter 18 -Valuation Analysis

Final Exam Review Outline

 

Assigned Spreadsheets

TVM Template

Chapter 1 Mortgage, Lease and Loan Payment Calc

 

Chapter 2 Secondary loan market yields calc

Chapter 3 Borrowing Base Certificate

Chapter 4 - CLOs & SWAPS

Chapter 4 Debt Service Coverage

Chapter 5 - Company Specific and Industry Risk

Chapter 6: Case Study Debt Capacity Analysis of Home Suites

Chapter 10 CLO Credit Risk Management Model

Chapter 7 Market Risk and Syndication Analysis

     

Chapter 16 Cash Flow & Ratio Analysis

Public to Private LBO Model with Debt Capacity- Spirit Air

Chapter 18 - Financial Analysis and Valuation - Hyatt

   

Zoom Recordings

                           

EXAMS

             

Midterm Exam via Active Learning

         

Final Exam via Active Learning

Homework and Project Assignments (via Active Learning)

   

Chapter 1 Due

Chapters 2 & 3 Due

Chapter 4 Due

 

Chapter 5 Due

 

Chapters 7 & 8 Due

Chapter 9 Due

   

Project is Due

Individual Final Project due 12/8 (Upoad on Active Learning) 

Final Project Description - LBO and DCR

Public to Private LBO Model with Debt Capacity- Spirit Air

Project - LBO & DCR Template

 

Case Studies Excel Templates

 

     

CASE STUDY 1

CLO Credit Risk Management Model

 

CASE STUDY 2

CASE STUDY #2: Hotel Expo

CASE STUDY #2: Hotel Expo

CASE STUDY #2 Hotel Expo - Template with Answers

   

CASE STUDY 3

CASE STUDY 3: Colorado Dental - Proforma Balance Sheet

CASE STUDY 3: Colorado Dental - Transaction S&U, WACC and Debt Capacity

CASE STUDY 3: Colorado Dental: Debt Schedules - Floating and Fixed Rates

 

CASE STUDY 4

CASE STUDY #4: Alexandria Hotel LBO

Case Study #4: Alexandria Hotel Template

CASE STUDY 5

Case Study #5 Crox - LBO and Covenant

CAM Template

BEAM Template

ISM Template

 

Relevant Articles/Links

       

The Big Short Clip on CDS

John Coates on Private Credit