The Default Possibility Of11Chaori Corporate Bond From The Industry Economic Perspective And Implicit Guarantee Perspective

This article analyzes the default possibility of Chaori corporate bond,from the industry economic perspective and implicit guarantee perspective,not from the traditional credit-analysis perspective.This article demonstrates that Chaorisolar company is currently in anexcessive production capacity industry. We also demonstrates that11Chaoribond is uncovered by the implicit guarantee from government and bank,because it belongs to non-bank financial institution issuing. We finally give aconclusion that11Chaori bond has a large default possibility.