Exploration On The Method Of The Corporation Credit Rating

Corporate credit rating is a kind of economic activity to evaluate the capability of repaying and the repaying will, show the evaluating result with simple code for the relevant for the investor, supervision institution and other relative sides. The first country to evaluate the credit is the United States, the development of the credit rating is effected greatly by the level of capital market. Till now, in our country there are over fifty rating institutions, but the question is that they have not enough impact. In all the development of the credit rating is slowly in our country.To the enterprise, in one side is that to avoid the loss from the transaction, it is the necessary to evaluate the credit, the other side is that the cost requiring the rating institution to evaluate the relative side with itself is high, now mostly the commercial banks use the rating result to decide whether they should loan them, the method the bank used is the comprehensive marking, but this could impact the objectivity of the rating result. This article from the aspect of the enterprise studies the enterprise credit rating in quantity side.Considering the fluctuation of financial data, this article chooses 99 corporations as the final sample corporations to analyze because of the complexity of the process of data handling, the financial data are from Guotaian database from 2002 to 2004. This article uses the statistics method, first the factor analysis is used to extract the communal components;then the cluster analysis is used to separate the sample corporations into four kinds;on the classifying the discriminant analysis is used to attain the Fisher functions;at last, this article choose other four ST corporations to inspect the correctivity of the method to evaluate the corporation credit rating. The main purpose of this article is to supply a simple and feasible method to help the enterprise to evaluate and avoid the credit risk.