基于PPP设施项目的信用评价研究
发布时间：2021-01-07 01:59
公私伙伴关系（PPP）模式被称为一种新的有效方式能解决基础设施开发和管理资金问题。自20世纪90年代以来,世界各国政府,尤其是越南政府,总是抓住机会,促进私营部门参与PPP模式下的项目开发。此外,在越南,BOT项目占PPP总体基础设施的很大比例。PPP项目有持续时间长,管理复杂,需要大量投资资金。PPP项目的建设和运营资金有各种来源,但金融贷款是主要来源。另一方面,由于资本市场的快速发展,通过使用债券,票据等债务工具为项目提供资金变得越来越重要,克服了贷款的一些缺点。无论采用何种形式的融资,投资者以及银行都关注PPP项目的风险。通过选择最符合投资标准信用评级的项目,可以大大减轻这些风险。简单来说,信用评级基于对项目可行性,法律风险,项目财务能力,公共部门信用状况,PPP项目赞助商经验和投资者财务能力等因素的评估。PPP项目的信用评级分配给项目的银行贷款或证券,并由以一致和透明的方式实施。投资者和其他市场参与者可以将此评级作为发行人或债务发行信用风险的测试工具,以支持进行投资和业务决策。因此,信用评级较高的PPP项目将受到更多关注,更容易吸引国内外投资。PPP项目具有周期长,管理过程复杂...
【文章来源】：华南理工大学广东省 211工程院校 985工程院校 教育部直属院校
【文章页数】：214 页
【学位级别】：硕士
【文章目录】：
摘要
ABSTRACT
CHAPTER 1 INTRODUCTION
1.1 Research background and research rationale
1.1.1 Research background
1.1.2 Research rationale
1.2 Literature review
1.2.1 Research about Risk management and Risk identifying
1.2.2 Research about quantifying the influence of risk factors on PPPs performance
1.2.3 Research about credit scoring and credit rating for PPPs
1.3 Methodology
1.3.1 Research method
1.3.2 Research technical route
1.4 Research innovation
1.5 Research structure and content
CHAPTER 2 PPP MODEL AND SOURCES OF FUND IN FINANCING A PPP PROJECT
2.1 Overview PPP model
2.1.1 Definition of PPP model
2.1.2 Process of PPP Infrastructure project
2.1.3 Some common kind of PPPs
2.2 Sources of fund
2.2.1 Equity capital
2.2.2 Debt capital
2.2.3 Mezzanine/Subordinated capital
2.3 Some usual debt instruments in financing PPP project
2.3.1 BankLoans
2.3.2 Bond
2.3.3 Asset-Based Security（ABS）
2.4 Chapter summary
CHAPTER 3 IDENTIFYING KEY RISK FACTORS EFFECTED TO PPP PROJECT CREDITRATING
3.1 The common used approach to identifying risk factors affected to PPP project
3.2 Content of key analytical factors effected to PPP project credit rating
3.2.1 Construction risk
3.2.2 Operating and management risk
3.2.3 Financial ris
3.2.4 Market risk
3.2.5 Pubilc sector risk
3.2.6 Inexorable risk
3.2.7 Other risks
CHAPTER 4 SCORING KEY RISK FACTORS DURING THE PPP PROJECT LIFE CYCLE ANDIMPROVEMENT IN RESEARCH
4.1 Overview current common method related to risk assessment
4.1.1 Appraisal investment projects method
4.1.2 Corporation credit scoring/rating method
4.2 The mismatch of the current method in PPPs risk assessment
4.3 Standard scoring for risk factors during the PPP project life cycle PPP
4.3.1 Construction risk
4.3.2 Operating and management risk
4.3.3 Financial risk
4.3.4 Market risk
4.3.5 Public sector risk
4.3.6 Inexorable risk
4.3.7 Other risks
4.4 Chapter summary
CHAPTER 5 QUANTIFYING THE WEIGHTS OF RISK FACTORS AND CREDIT RATINGFRAMEWORK FOR PPP PROJECT
5.1 Limitation of current credit scoring/rating methods for investment projects
5.2 Application of weight evaluation method to PPP project's risk factors
5.2.1 Quantifying the risk factors of PPP projects
5.2.2 Evaluating the weight of risk factors during PPP project life cycle
5.3 Principle of evaluating the weight of risk faetors during PPP project life cycle
5.4 Establishing PPP Project Credit Score Model
5.4.1 Definition and meaning of credit rating
5.4.2 Process for rating a PPPs
5.4.3 PPPs credit rating framework
5.5 Chapter summary
CHAPTER 6 PRACTICAL PROJECT ANALYSIS
6.1 Outline of selected project
6.1.1 Background of selected project
6.1.2 Outline of selected project
6.1.3 Financial project plan and financial assessment
6.2 Identifying risk factors of the practical project
6.3 Quantifying the meaning of risk factors to the practical project's performance
6.3.1 Check Validity and Relability of the sample
6.3.2 Applying the AHP method to determine the weight of risk factors
6.4 Credit scoring of case study
6.5 Rating the case study and conclusion
CONCLUSSION AND RECOMMENDATION
Conclusion
Recommendation
REFERENCES
攻读硕士学位期间取得的研究成果
APPENDIX 1 Survey assessment the impact of risk factors during various types of infrastructure public-privatepartnership project life-cycle
APPENDIX 2 Guidance of scoring for risk factors during ppp project life cylcle
ACKNOWLEDGEMENT
附件
本文编号：2961672
【文章来源】：华南理工大学广东省 211工程院校 985工程院校 教育部直属院校
【文章页数】：214 页
【学位级别】：硕士
【文章目录】：
摘要
ABSTRACT
CHAPTER 1 INTRODUCTION
1.1 Research background and research rationale
1.1.1 Research background
1.1.2 Research rationale
1.2 Literature review
1.2.1 Research about Risk management and Risk identifying
1.2.2 Research about quantifying the influence of risk factors on PPPs performance
1.2.3 Research about credit scoring and credit rating for PPPs
1.3 Methodology
1.3.1 Research method
1.3.2 Research technical route
1.4 Research innovation
1.5 Research structure and content
CHAPTER 2 PPP MODEL AND SOURCES OF FUND IN FINANCING A PPP PROJECT
2.1 Overview PPP model
2.1.1 Definition of PPP model
2.1.2 Process of PPP Infrastructure project
2.1.3 Some common kind of PPPs
2.2 Sources of fund
2.2.1 Equity capital
2.2.2 Debt capital
2.2.3 Mezzanine/Subordinated capital
2.3 Some usual debt instruments in financing PPP project
2.3.1 BankLoans
2.3.2 Bond
2.3.3 Asset-Based Security（ABS）
2.4 Chapter summary
CHAPTER 3 IDENTIFYING KEY RISK FACTORS EFFECTED TO PPP PROJECT CREDITRATING
3.1 The common used approach to identifying risk factors affected to PPP project
3.2 Content of key analytical factors effected to PPP project credit rating
3.2.1 Construction risk
3.2.2 Operating and management risk
3.2.3 Financial ris
3.2.4 Market risk
3.2.5 Pubilc sector risk
3.2.6 Inexorable risk
3.2.7 Other risks
CHAPTER 4 SCORING KEY RISK FACTORS DURING THE PPP PROJECT LIFE CYCLE ANDIMPROVEMENT IN RESEARCH
4.1 Overview current common method related to risk assessment
4.1.1 Appraisal investment projects method
4.1.2 Corporation credit scoring/rating method
4.2 The mismatch of the current method in PPPs risk assessment
4.3 Standard scoring for risk factors during the PPP project life cycle PPP
4.3.1 Construction risk
4.3.2 Operating and management risk
4.3.3 Financial risk
4.3.4 Market risk
4.3.5 Public sector risk
4.3.6 Inexorable risk
4.3.7 Other risks
4.4 Chapter summary
CHAPTER 5 QUANTIFYING THE WEIGHTS OF RISK FACTORS AND CREDIT RATINGFRAMEWORK FOR PPP PROJECT
5.1 Limitation of current credit scoring/rating methods for investment projects
5.2 Application of weight evaluation method to PPP project's risk factors
5.2.1 Quantifying the risk factors of PPP projects
5.2.2 Evaluating the weight of risk factors during PPP project life cycle
5.3 Principle of evaluating the weight of risk faetors during PPP project life cycle
5.4 Establishing PPP Project Credit Score Model
5.4.1 Definition and meaning of credit rating
5.4.2 Process for rating a PPPs
5.4.3 PPPs credit rating framework
5.5 Chapter summary
CHAPTER 6 PRACTICAL PROJECT ANALYSIS
6.1 Outline of selected project
6.1.1 Background of selected project
6.1.2 Outline of selected project
6.1.3 Financial project plan and financial assessment
6.2 Identifying risk factors of the practical project
6.3 Quantifying the meaning of risk factors to the practical project's performance
6.3.1 Check Validity and Relability of the sample
6.3.2 Applying the AHP method to determine the weight of risk factors
6.4 Credit scoring of case study
6.5 Rating the case study and conclusion
CONCLUSSION AND RECOMMENDATION
Conclusion
Recommendation
REFERENCES
攻读硕士学位期间取得的研究成果
APPENDIX 1 Survey assessment the impact of risk factors during various types of infrastructure public-privatepartnership project life-cycle
APPENDIX 2 Guidance of scoring for risk factors during ppp project life cylcle
ACKNOWLEDGEMENT
附件
本文编号：2961672
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