Research On Credit Rating Of Commercial Banks To Middle And Small-sized Enterprises Based On Factor Analysis

Credit rating is not only important to estimate credit status of enterprises, butalso important to the development of middle and small-sized enterprises. Anintact and authentic credit rating of middle and small-sized enterprises is animportant reference frame for commercial banks before lending. However, thelack of a set of theories of credit rating, which is suitable for China’s middle andsmall-sized enterprises in our country at present stage, limits the development ofmiddle and small-sized enterprises. Therefore, establishment of a scientific andfeasible credit rating system and mode for middle and small-sized has becomethe urgent matter. At present, small to medium sized enterprises play a dominantrole in China’s economic development.Based on the existing credit rating systemto establish a comprehensive system n model that apply to small to medium sizedenterprises.Based on middle and small-sized enterprises and theory of credit rating, bycomparing the foreign research status and the present situation of middle andsmall-sized enterprises, analyzing the existing problems in our country’s creditrating of middle and small-sized enterprises, drawing lessons from foreignexisting theoretical basis and the reality of our country middle and small-sizedenterprises, using the financial indicators and non-financial indicators and factoranalysis, this thesis makes credit rating evaluation for middle and small-sizedenterprises. First, the writer uses factor analysis to determine the factor variablesand uses the efficacy coefficient method to calculate the factor variable scores toevaluate credit rating of middle and small-sized enterprises. Then the writerfurther verifies credit rating according to the actual situation, which is called fuzzy overthrow. At last, the writer chooses a food co., Ltd to do instanceanalysis. The final result is consistent with other institutions. It shows that factoranalysis has strong applicability to middle and small-sized enterprises, which canreflect enterprises’ credit situation comprehensively and objectively.