Corporate Bond Rating Case Study

Some speak from the above, the current era of the world economy is "credit economy" era, credit as the most basic and core element for the economic development has made a positive contribution. But compared to China's market economy in Western developed economies, credit problems is still more prominent issue. For the past few years to develop the bond market, bond market itself is the presence of credit as a prerequisite. Taking corporate bond credit rating issue, analyzes the current more authoritative assessment agencies in the credit rating of corporate bonds during the rating process employed, the rating system and rating criteria, further analysis of the corporate bond rating process, rating agency for the rating index of analytical methods to investigate factors and so on.The D rating agencies rating the company as China's authoritative rating industry has a certain rating a wide range of business, the rating method is more advanced, for corporate bonds rating business development long history. By analyzing its Jiangsu Taicang Port Development Construction Investment Company issued corporate bonds carried a rating of other rating agencies for the development has a certain significance, but also for the perfect sound regulatory system and related long-term debt rating It provided a theoretical basis and practical reference.The first chapter is the introduction, mainly introduces the research background, research results and significance of the research, but also made research methods and innovation of the paper. The second chapter is the background of the case, describes the history of the birth and development of domestic and international credit rating industry, a brief overview of some of China's rating agencies, and the status of development of China's bond market. The third chapter introduces the case, the company focuses on D before issuing bonds and rating process, rating system and rating indicators. Chapter Four case studies, the main port of Jiangsu Taicang Port Development and Construction Investment Company's bond rating specific analysis. The fifth chapter is the summary section.