Research On The Method Of Enterprise Credit Rating

Credit is the life and soul of the market economy, and plays an extremely important role in the modern market economy system.As the major players of the market economy, the credit is good or bad of an enterprise,which has a direct impact on their economic activities and plays a cornerstone for the development in the industry.Therefore, the activity that establish a credit evaluation model to correctly assess and judge the credit status of a company has a strong practical significance in a market economy.The demand of investors to know the corporate credit and financing needs of enterprise makes more and more people began to study the credit risk assessment.It is the first to examine the credit risk from the financial angle, which achieved certain effects.However, with the rapid economic development, the environment for companies becomes complicated, just from a different angle assess the credit risk of the enterprise is no longer applicable.As a result, some institutions and scholars began to join the competition in the industry, management, policy and other factors to the assess of enterprises gradually formed a certain research methods and models.On the definition and characteristics of credit risk and corporate credit risk conceptual elaboration, then this paper undertook a review of its history of development of domestic and foreign credit risk assessment. Made a credit assessment and credit rating system for foreign and foreign elements, then classified the different credit evaluation model.After comparative analysis of different credit evaluation model, basing on the actual credit risk assessment of the status of China’s enterprises, this paper selected29listed companies in the pharmaceutical industry’s annual financial statements for2011as a sample of the study, then use the factor analysis in SPSS statistical analysis software and logistic regression analysis, then create a corporate credit risk assessment model by means of logistic regression analysis.The empirical results show that the model of corporate credit situation has a very effective judgment.