City To Vote Bonds Issued Credit Risk Research Body

For accelerating the municipal building and the promotion of local economic development, the purpose of city construction investment bond is to issue bonds for raising funds quickly and through the establishment of government investment and financing platform. It is an effective financing tool for obtaining utilities and municipal construction project funds. For the restrictions of existing laws and regulations and Promoting the rapid development of urbanization, city construction investment bond is used.Because of The rapid development of scale of bond and contradiction between high level of credit rating and debt risk and so on,it caused the domestic scholars and media serious attention. In summing up the significance of this study discusses the theory scholars study risk factors, the main model,basing on city construction investment bond,analysis of the city construction investment bond exposed to credit risk. During the inspection process in Shaanxi Province, introducing Credit risk of t city construction investment bond of Shaanxi Province. Then based on2012financial data for the indicator data, Logistic regression models is established to analyze the impact of each factor on the credit rating index. Then select a representative index, Plusing two indexes represented of local government financial situation. From financial early warning analysis of city construction investment company, Obtained its’credit risk profile. Finally, we get the policy recommendations related credit risk of city construction investment company:discriminatory bond issuance and try to increase financing ways, establishment of an effective disclosure system and supervise the money goes, modify the city construction investment bond evaluation system and effectively reduce credit spreads, strengthen the management of bonds to raise funds, clear Asset Valuation chaos and timely follow-up evaluation.