Credit Rating System Of Forestry Enterprises

Difficult funding of forestry enterprises is becoming an important factor affecting the sustainable development of China’s forestry economy. A major cause of the financial difficulties of forestry enterp-rises is credit problems. Although China currently has policies for forestry financial support, the gover-nment and banks still have not specifically for forestry enterprise credit rating system. As a result, fore-stry companies can’t fund from market smoothly and the efficiency monetary policy is badly affected.Making the forestry industry enterprises as representative example, this paper revises general commercial rating agencies credit rating index system based on the forestry enterprises, and build a credit rating system which makes executive ability, debt paying ability, operating profitability, profitability, business development, comprehensive evaluation, the comprehensive level of woodland evaluation of environment, growth ability as the 1st level and contains30 2nd level indicators such as product categories and the support of the government. Secondly, using the questionnaire survey data, we make analysis of the weights given through the AHP, and uses the fuzzy data model to estimate the final results of credit rating. Finally, take we select the Yongan forestry and Jilin forest industry (two large listed enterprises) as examples. Putting them in the system we have made, the validity and applicability of system were analyzed.The main conclusions of the study:(1) Adding the comprehensive evaluation of land and environment comprehensive evaluation as new indexes, this new system reduces the financial index of nearly 25% and enhance the applicability of the credit rating system of forestry enterprise; (2)According to the order, profitability, growth ability in development, comprehensiveevaluation, environmental evaluation, profitability, debt paying ability, executive ability, forest enterprise level and operation ability make great influence in forestry industry credit rating; (3) Yongan and Jilin have got class A in the evolution. Forest land, environmental evaluation and policy support make great contribution in credit rating result.