美国信用评级体系分析及对中国的启示

发布时间：2018-03-04 06:48

本文选题：信用评级　切入点：评级体系　出处：《哈尔滨工业大学》2012年硕士论文　论文类型：学位论文

【摘要】：信用评级首先要具备明确的评级目标，信用评级机构参照评级目标对债务人进行信用评级，看其是否具备按时偿还债务的能力信用评级就如一盏指示灯，指明信用风险是否存在，弥补融资单位与投资者之间的信息缺失，拓展资金融通渠道，从而使债券市场越发活跃和成熟，提升资本市场的利用效率所以在资本市场中，信用评级必不可少，尤其是在经济发达国家在中国，随着资本市场的深入发展，尤其是债券市场的崛起，信用评级越来越被重视，其市场利用率将越来越高然而因为信用评级业在我国兴起比较晚，发展速度还比较落后美国历经上百年的发展，俨然成为全球信用的代言人，其所建立的信用评级体系可谓是评级理论和评级实践的鼻祖充分吸取美国信用评级体系的先进经验为中国所用，以加速中国信用评级业的发展和进步具有信用评级业最发达的信用评级公司，穆迪标准普尔和惠誉，在经过安然事件和亚洲金融危机后，遭受了批判和谴责并对它们的信用度提出了质疑，同时在业内掀起了重新研究信用评级及信用评级机构的热潮从而加深了人们对信用评级的关注度，健全完善的信用评级体系建设指日可待在全世界范围内美国的信用最发达，其信用风险评级体系可谓是信用评级业的最前沿，无论是其评级理念还是评级方法都值得中国学习在分析研究中国信用评级体系建设的同时找出其所面临的问题，在此基础上，指出信用评级体系建设应从其基础环节切入，然后借鉴美国先进管理经验，并重新设计信用风险评级管理控制的导向系统，从而建设具有中国民族特征的信用风险评级体系
[Abstract]:Credit rating must first have a clear rating target, and credit rating agencies are looking at the debtor's credit rating with reference to the rating target to see if it has the ability to repay its debt on time. It is like an indicator light. Whether the credit risk exists or not, make up for the lack of information between the financing unit and the investor, expand the financing channel, make the bond market more active and mature, improve the utilization efficiency of the capital market, so in the capital market, Credit rating is essential, especially in economically developed countries. In China, with the deep development of capital market, especially the rise of bond market, credit rating is paid more and more attention, and its market utilization ratio will be higher and higher. The development rate of the United States has lagged behind that of the United States for more than a hundred years, and it has become the spokesman for global credit. The credit rating system it has established can be said to be the ancestor of rating theory and practice. It can fully absorb the advanced experience of the United States credit rating system and be used by China. In order to accelerate the development and progress of China's credit rating industry, Moody's Standard & Poor's and Fitch Ratings, the most developed credit rating companies in the credit rating industry, after the Enron incident and the Asian financial crisis, It has been criticized and condemned and questioned their creditworthiness. At the same time, there has been an upsurge in the study of credit ratings and credit rating agencies in the industry, thus increasing the attention paid to credit ratings. A sound credit rating system is within reach. The United States has the most developed credit in the world, and its credit risk rating system is at the forefront of the credit rating industry. Both the concept and method of credit rating are worth learning from China to analyze and study the construction of China's credit rating system and find out the problems it faces. On this basis, it is pointed out that the construction of credit rating system should be started from its basic link. Then draw lessons from the advanced management experience of the United States, and redesign the guidance system of credit risk rating management and control, so as to build a credit risk rating system with Chinese national characteristics.
【学位授予单位】：哈尔滨工业大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.1;F837.12

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