Research On Credit Rating Method Optimization Of Joint Credit Rating Agencies

At present,China has become the world's third largest bond market after the United States and Japan.Strong demand for bond financing has greatly promoted the development of China's bond market.At the same time,the development of the bond market has also promoted the development of China's credit rating industry.The rating credit rating of rating agencies not only plays an important role in further improving market pricing efficiency,reducing pricing costs,alleviating information asymmetry in financial markets,but also helps government regulatory authorities to lower the barriers to entry in the bond market.,formulate effective regulatory policies,and promote the sound development of financial markets.It also help to establish investor confidence,stimulate investor enthusiasm,and purify the investor team.Therefore,the current performance and development of credit rating agencies are naturally receiving much attention.This paper takes the credit rating of the“18 Dun An 02" debt as the analysis object by the joint credit rating agency.Firstly,it explains the theoretical basis of credit rating behavior and the current main credit rating method.Secondly,it introduces the case of"18 Shield An 02" debt,and then Through comparative analysis and causal analysis,the data and theory of rating information in the rating report are optimized.It is concluded that the comprehensive rating method of "Joint Credit" has the advantages and ratings of focusing on financial analysis,emphasizing data accumulation and attaching importance to content diversity.The theoretical basis is irrational,the analysis of non-financial factors is imperfect,the risk weight setting is not scientific,and the financial analysis method is not appropriate.On this basis,it is proposed that"joint credit" should establish credit rating theory,improve non-financial factor analysis,and scientifically set up.Risk weighting and improvement of financial analysis methods to improve the scientific and rationality of the comprehensive analysis method of "joint credit".It is hoped that through the case study and research in this paper,it can provide useful help for rating agencies to achieve standardized rating,and then optimize the comprehensive analysis method of China's credit rating agencies,improve the credibility and competitiveness of credit rating agencies,and promote the development of China's credit rating industry.