| Small and medium-sized enterprises (SMEs) are important components of the nationaleconomy. They play an important role in promoting the development of the market economy,increasing employment opportunities and promoting the coordinated development of society.The SMEs’ survival and development has attracted wide attention from the society. Theshortage of funds is the main reason for limiting the development of SMEs. The difficulty ofSMEs’ credit financing is a common problem, Tangshan City of Hebei is no exception. Creditrating is an effective mechanism to help the bank determine the enterprises’ loan risk. It’s thekey factor for SMEs access to credit financing. However, the credit rating system is notperfect that results in SME financing dilemma, restricts the SMEs’ development. Therefore,research on the influence of the credit rating system of bank to SMEs’ credit financing,improve the credit rating system, can solve the problem of SMEs’ financing better. At thebeginning, the paper elaborates the basic theory of credit rating and credit financing, analyzesthe effect on bank internal credit rating to SMEs credit availability, and take Tangshan City asthe research object, analyzes SMEs credit financing situation and the reason for it in thisregion, also analyzes the status of the bank internal credit rating. According to a largercommercial bank of Tangshan’s data, the paper discusses the effect on bank internal creditrating to SMEs credit availability, proposes the improvement opinion in view of SMEs creditrating system of Tangshan area.This paper comes to the conclusion that asymmetric information is the prime reason forSMEs’ credit financing difficulty. Credit rating alleviated the bank-enterprise informationasymmetry. It plays a key role in SMEs credit availability. This paper believes that built creditrating in the light of characteristics of SMEs is the important way of easing the difficulty ofSMEs credit financing. |
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