Research On Credit Risk Management Of F City Investment And Development Group Co.,Ltd.

In the past,local government financing was mainly realized through local government financing platform(city investment company).Under the effect of continuous regulatory policies,local government bonds and PPP model have become the main ways of direct financing of local governments,and city investment company is bound to take the road of market-oriented transformation.The impact on city investment company's credit rating will be mainly reflected in the increase of the proportion of individual risk factors of city investment company,and the increasing importance of its own strength on credit quality.From the city investment company in the local position,the support of the government,the local economic and financial strength is still the most important evaluation factors for the city investment company.Therefore,it is necessary to study the credit risk prevention of city investment company,which is helpful to optimize the credit risk level of city investment company and achieve better market-oriented transformation.By consulting a large number of documents,this paper summarizes the city investment company and its credit risk,and summarizes the research status of city investment company's credit risk by combining the relevant theories of city investment company's credit risk.At the same time,a prefecture-level city in zhejiang province,F city investment company,which has been separated from the government financing platform and successfully transformed to the market,is selected for preliminary introduction.Based on the development status of the city investment company,some challenges are proposed.Based on the cooperation of literature analysis and expert interview,the credit risk problem of city investment company is identified effectively.Then,ahp and fuzzy comprehensive evaluation method are used to establish the credit risk assessment model of city investment company,calculate the weight of each risk level,and get the final risk interval by scoring.And use the model to carry on the concrete evaluation analysis to F city investment company.After that,Suggestions were given to prevent the risk problems evaluated by F city investment company.Finally,the conclusion is that the city investment company,as the historical product of the special period in the process of local economic development,has its general generality.It is hoped that the research on credit risk management in this paper has practical significance under the trend of market transformation of the city investment industry.The innovation of this paper is to give specific evaluation criteria,so that the subjective rating more accurate;After the risk score,several adjustment factors were set according to the author's years of work practice,experts' opinions,and themethods of rating companies,so that the credit risk assessment results can be of certain reference significance when investors make investment decisions.Meanwhile,in the process of financial risk assessment of F city investment company,longitudinal analysis of financial data for three consecutive years was conducted;A city investment company of the same province is selected to do credit risk assessment for horizontal comparison,so as to test the rationality of the model.In addition,it is not convenient to give macroscopic Suggestions on credit risk research at the company level,so in terms of risk prevention,corresponding countermeasures are given for the main risks faced by F city investment company,which is different from the previous risk prevention countermeasures given by most researchers from the perspective of supervision,local government and city investment company.