Based On Subprime Mortage Crisis’s Credit Rating Reconsideration And Enlightenment

As time passes, financial crisis’s eruption in an instant had gone through four years. In the meantime, global commitment to restore economic order, we have also found many new give rise to problems, for example, Europe debt crisis. The spreading subprime mortgage crisis’s lesson teaches us credit crunch is the essence of the financial crisis, the credit rating in the global financial crisis showed so much evil, whether in the "the conflicts of interest", the credit institution’s not as, or in the external supervision’s flaw, the law of the imperfect.Europe debt crisis’s eruption and its serious influence, initiated us to the credit rating deep ponder, credit crunch can so easily wiped a country’s economic, then affected politics, affected national stable, therefore, international credit rating for words right will become more intense. Global various countries join in to international credit rating system restructuring, hoped for that establishes a brand-new external credit rating new order, simultaneously also competes for the international credit rating words power is itching for a fight. China is not exceptional, in the profound reconsideration international credit rating pattern and under the domestic credit rating form’s premise, efforts to establish an independent, transparent and effective system of credit rating, which can strive for the international words power.This article embarks from the credit rating’s elementary theory and the world famous three big rating organization’s research, explained in detail the credit rating’s correlation theories, from has known the credit rating essentially. Then introduced simply the subprime mortgage crisis, the selective analysis pointed out the credit rating many questions which exposes in the subprime mortgage crisis’s role question as well as the credit rating. With three big rating institution of countermeasures, from its development and external monitoring of two sides came to the credit rating message and offered the functionality supervision and public credit rating agency tentative plan. Finally, combined with the credit rating industry and the international situation, pointed out that our credit rating is insufficient, proposes the policy to make our credit rating industry more standard, speeds up our credit rating system’s establishment.This article altogether divides into six chapters, the first chapter is about research background and research significance, and summarized the domestic and foreign related research, meanwhile has expounded the article research content and the research technique; The second chapter from the credit rating’s implication, affects to each correlation theories and the credit rating mark expression, arrives at the history of the global famous credit rating agencies; The third chapter analyzed the false prosperity which the credit rating brings for the capital market, the credit rating each kind of question which exposes in the subprime mortgage crisis; The fourth chapter is about the credit rating’s reconsideration and enlightenment after the crisis, proposed the tentative plan of the functionality supervision, and has analyzed the feasibility from the game theory angle; The fifth chapter is about whether the public credit rating agency does establish rationale and feasibility analysis; The sixth chapter on domestic overseas credit rating requirement increased as the angle, the multiple perspectives analyzes our country credit rating industry and the credit rating agency present situation and the insufficiency, proposed that the credit rating needs the inside and outside improving in the policy-type suggestion.