Study On Credit Risk Management Of Medium-term Note

Compared with foreign countries, the domestic bond market had a slow start. In recent years, it has such a boom likely development, with broking a lot of defaults,which triggered the majority of investors and researchers to research about bond credit risk. Under the circumstances of economic slowdown, deterioration of investment environment, small businesses find hard to finance, big companies also meet a dilemma, its to say bond defaults will continue to increase,which encouraged investors to pay attention to the problem of credit risk management and find the way to solve it.This paper selected the credit risk management of medium-term notes as the research category, choice a case which sloved the defaulting dilemma as a private enterprises, on the one hand, we try to find out the risk management problem enterprise face throught the whole period of the bond issue; On the other hand, this artile try to dig out the way our leading domestic meat companies fall to the dilemma, on the other hand, analyse some payment crisis including yurun case with the application of credit risk management model, calculated the risk evaluation,and compared the yurun case with other enterprise and test validity of the model, to explore whether it can be applied to the risk assessment of medium-term notes effectively; This paper tries to answer the above questions through the detailed analysis of the case to a certain extent.