The Building And Research Of Real Estate Development Enterprise Credit Rating Model

Real estate industry is the pillar type industry. As the composition of the real estateindustry enterprises in promoting economic growth, real estate development enterprise drivesthe development of other industries and has made outstanding contributions. However, Theshortage of funds and the financing difficulties have restricted the development of ourcountry’s real estate development enterprise. It is difficult to break through the bottleneck.Although our capital market has experienced decades of development and it is going mature.But because of real estate development enterprises’ high asset-liability ratio and slow capitalturnover characteristics determine its big capital demand, so the financial institutions’ loansbecome the real estate development enterprise funding source. And because of the tight fiscalpolicy and real estate development enterprises larger payments credit risk gradually increasethe difficulty of the real estate development enterprises’ loans, which hindered thedevelopment of real estate development enterprises.In this paper, on the basis of summarizing predecessors’ research results, determing theinfluencing factors of real estate development enterprise credit rating. Respectivelyestablishing quantitative index and qualitative index of the credit rating index system, andusing the extension matter-element theory as the guide to establish real estate developmententerprise’s credit rating model. Strive to reflect the real estate development enterprise’s creditrating and carry on the empirical analysis.Paper main innovation points are as follows:⑴Applying the method of extension matter-element analysis the real estatedevelopment enterprise credit rating, and makes the credit rating and the rating indexes datatogether reliably. In the credit model calculation process, we use the data on the top20of thecomprehensive strength of real estate development enterprises in2012as the foundation, anddetermine the classical domain of extension model. Making real estate developmententerprise credit rating more relevant to the actual situation of the real estate market.⑵Using the entropy weight method determines the weights of quantitative indicatorsof real estate development enterprise credit rating. The entropy weight method to determinethe weighing values of the data depends on the quantitative indicators entirely and avoids the subjectivity of determining weight, making the determination of weights more reasonable.⑶Rating the real estate development enterprise credit rating respectively. And makingthe rating process of qualitative index and quantitative index not influence each other. Finallycombining the rating results to get the final rate. It can avoid the crossing effect ofquantitative index and qualitative index, and make the whole rating process simple and clear.