I have a similar problem...
When I try to Credentials->Get from within the BO, it says that the BO does not have permission to access the credentials needed.
In System->Credentials, when I open the credential and go to Access Rights->Processes tab, only processes are listed and not the BO.
Did the accessing of credentials change in the latest BP release?
If I step into the BO from the calling process, passing the credential values, I can stop it where I need it and try to model more UI elements, but that doesn't get saved when I exit the BO (ad hoc) and process.
So the question is: How do I get credentials from within the BO so that I can log into the site and continue with the Application Modeller?