大公资信对13滇投债券信用评级案例分析
发布时间：2018-07-28 12:54
【摘要】：信用评级是投资者和评级结果使用者了解债券等投资工具信用状况的方法,它以评级理论为依托,以科学的评级方法为指导,来对企业或者企业发行的债券进行评级,进而揭示信用风险。信用评级在市场化的发展中是不可或缺的一部分,随着我国市场经济发展的不断加速,提升我国第三方信用评级机构的水平就成了当务之急,对企业和债券进行准确的评级是评级机构对整个市场的责任。本文主要应用案例分析和对比分析的方法,针对案例进行分析,分析了第三方评级机构对被评级企业发行的债券进行评级的问题。本文绪论介绍研究背景和意义、研究思路和方法、文献综述、论文的创新与不足;第一章,介绍了评级机构大公国际资信评估有限公司和被评级的债券——昆明滇池投资有限责任公司发行的“13滇投债/PR滇投债”的基本情况,以及介绍了大公资信对该债券信用评级的过程;第二章,通过穆迪公司评级方法对13滇投债券的评级应用,对比分析了穆迪与大公资信评级方法,指出了大公资信基础设施行业公司债券评级方法的优势与不足;第三章,对于基础设施信用评级方法给出了发展建议。本文以大公资信对昆明滇池投资有限责任公司发行的“13滇投债/PR滇投债”评级为案例,描述了大公资信依据发布的基础设施行业公司债券评级方法对该债券进行评级的过程,并通过与国际信用评级公司穆迪的评级方法比较,提出了对基础设施行业公司债券评级方法的进一步改进建议。力图通过本文的案例分析和对基础设施行业公司债券评级方法的探索,为我国信用评级公司对基础设施行业公司债券的评级方法提供参考,为我国评级机构建立针对性的行业评级方法提供借鉴意见。
[Abstract]:Credit rating is a method for investors and users of rating results to understand the credit status of investment instruments such as bonds. It is based on rating theory and guided by scientific rating methods to rate bonds issued by enterprises or enterprises. Then reveals the credit risk. Credit rating is an indispensable part in the development of marketization. With the continuous acceleration of the development of our market economy, it is imperative to upgrade the level of third-party credit rating agencies in our country. Accurate ratings of companies and bonds are the responsibility of rating agencies to the market as a whole. This paper mainly applies the method of case analysis and contrast analysis, and analyzes the problem of the third party rating agencies' rating of the bonds issued by the rated enterprises. The introduction of this paper introduces the research background and significance, research ideas and methods, literature review, innovation and shortcomings of the paper. This paper introduces the basic situation of Dagong International Credit Appraisal Co., Ltd and the rated bond issued by Kunming Dianchi Investment Co., Ltd. In chapter two, the credit rating methods of Moody's and Dagong are compared and analyzed through the application of Moody's rating method to 13Dian bonds. This paper points out the advantages and disadvantages of the bond rating method of Dagong credit infrastructure industry, and gives some suggestions for the development of the credit rating method for infrastructure in the third chapter. This paper describes the process of Dagong Credit rating of "13 Dian Investment Bond / PR Dian Investment Bond" issued by Kunming Dianchi Investment Co., Ltd., which is issued by Dagong Credit Corporation, and describes the process of Dagong Credit rating according to the bond rating method of infrastructure industry company issued by Dagong Credit. By comparing with the rating method of international credit rating company Moody's, the paper puts forward some suggestions to improve the method of corporate bond rating in infrastructure industry. Through the case analysis of this paper and the exploration of the corporate bond rating method of the infrastructure industry, this paper provides a reference for the credit rating company of our country to the corporate bond rating method of the infrastructure industry. It provides reference for China's rating agencies to establish targeted industry rating methods.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51
本文编号：2150211
[Abstract]:Credit rating is a method for investors and users of rating results to understand the credit status of investment instruments such as bonds. It is based on rating theory and guided by scientific rating methods to rate bonds issued by enterprises or enterprises. Then reveals the credit risk. Credit rating is an indispensable part in the development of marketization. With the continuous acceleration of the development of our market economy, it is imperative to upgrade the level of third-party credit rating agencies in our country. Accurate ratings of companies and bonds are the responsibility of rating agencies to the market as a whole. This paper mainly applies the method of case analysis and contrast analysis, and analyzes the problem of the third party rating agencies' rating of the bonds issued by the rated enterprises. The introduction of this paper introduces the research background and significance, research ideas and methods, literature review, innovation and shortcomings of the paper. This paper introduces the basic situation of Dagong International Credit Appraisal Co., Ltd and the rated bond issued by Kunming Dianchi Investment Co., Ltd. In chapter two, the credit rating methods of Moody's and Dagong are compared and analyzed through the application of Moody's rating method to 13Dian bonds. This paper points out the advantages and disadvantages of the bond rating method of Dagong credit infrastructure industry, and gives some suggestions for the development of the credit rating method for infrastructure in the third chapter. This paper describes the process of Dagong Credit rating of "13 Dian Investment Bond / PR Dian Investment Bond" issued by Kunming Dianchi Investment Co., Ltd., which is issued by Dagong Credit Corporation, and describes the process of Dagong Credit rating according to the bond rating method of infrastructure industry company issued by Dagong Credit. By comparing with the rating method of international credit rating company Moody's, the paper puts forward some suggestions to improve the method of corporate bond rating in infrastructure industry. Through the case analysis of this paper and the exploration of the corporate bond rating method of the infrastructure industry, this paper provides a reference for the credit rating company of our country to the corporate bond rating method of the infrastructure industry. It provides reference for China's rating agencies to establish targeted industry rating methods.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51
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