Analysis On The Credit Risk In The Commercial Banks On The Condition Of Asymmetric Information And Research On The Company Credit Rating

The financial market, to which much attention is paid all over the world at all times, is full of risks. As the principal part of the financial market, the commercial banks have to endure the pressure from the exchange of the market inevitably. At present, the principal financial risk the commercial banks are faced with is honor risk. In fact, the credit risk, the main part of the honor risk, is always deemed to honor risk in limited meaning. The credit risk is the probability that the commercial banks lose the corpora and the interests because of many uncertainties so that the borrowers can not refund the loans. A lot of factors can lead to credit risk. Although the unreasonable system is one of the main factors, another deep-seated factor is the asymmetric information present to the process of the credit operations between the banks and the companies. Combining the theories of information management and the practice in the commercial bank, the author explores the causes of the credit risk and the necessary measures to prevent the risk, and then analyzes the credit rating system of the banks, endeavoring to seek a new solution to keep away the credit risk. The paper can be divided into 3 parts:Part 1 is from Chapter 1 to Chapter 5. This part is the emphasis of the paper. Part 1 explains that the asymmetric information present to the process of the credit operations leads to the credit risk in the commercial banks. Chapter 1 describes the relationship between the credit risk in the commercial banks and the asymmetric information and reveals the essence that the credit market is full of asymmetric information. From Chapter 2 to Chapter 5, according to the three aspects of the outside environment, the condition between the banks and the companies, and the inner banks, the author discusses the types, representations, causes of formation, and preventing measures of the credit risk on the condition of the asymmetric information.Part 2 includes Chapter 6 and Chapter 7. It is the other emphasis of the paper, and it is the difficulty of this paper, too. Part 2 analyzes the company credit rating which is the most important measure to keep away the credit risk. In the course of creditoperations, most of the time is spent on the company credit rating. Whether the banks will extend credit to the companies also chiefly depends on the company credit rating. This method can evaluate the refunding abilities of the borrowers equitably and objectively so as to prevent the credit risk in the commercial banks. In Chapter 6, the author introduces the company credit rating system and its indices, and reveals the problems existing in the system. In Chapter 7, the author firstly introduces the popular ways to measure the credit risk in the company credit rating. Then the author introduces the analysis of SWOT into the course of the company credit rating, combines it with other quantitative methods, and achieves a new way to evaluate the credit of the companies. This is the innovation of this paper.Part 3 includes Chapter 8. This is the ending of the paper. The author sums up the problems of the credit risk caused by the asymmetric information and the company credit rating, and points out the intention of writing.