Credit Risk Assessment Based On MD Urban Investment Company Bound Issue Project

After the reform of the tax system,the central and local fiscal revenues have been separated.Municipal bonds have become the most typical financing method for local governments,and they have developed rapidly in recent years.The emergence of a large amount of financing makes the credit risk of municipal bonds begin to appear and becomes the biggest risk affecting municipal bonds.In the rapid development of municipal bonds,how to deal with the credit risk of municipal bonds has become a challenge.In order to meet the financing needs of local governments and promote the improvement of the quality of municipal bonds,it is necessary to carry out the credit risk of bonds issued by urban investment companies.Comprehensive analysis to help local governments and urban investment companies understand their own risks and reduce their own risk levels.This article mainly takes MD Urban Investment Company,a local financing platform company in M city,as the research object.MD Company Municipial Bond is a 7-year fixed-rate urban investment bond issued in 2017,and raised a billion yuan.Firstly,select the evaluation indicators based on the principle of index selection combined with the actual situation of the MD company,a total of 24 indicators at 5 levels,and then distribute the questionnaires in the form of questionnaires.The results of the questionnaires are used to obtain the comprehensive weights and peer weights of the indicators through the AHP Then,the results of the questionnaire survey were used to carry out fuzzy comprehensive evaluation,and several fuzzy comprehensive evaluation matrices were obtained,and then the fuzzy comprehensive calculation matrix was subjected to quantitative evaluation and scoring,so as to evaluate the credit risk of MD company urban investment bonds.The result is that the MD company 's overall risk score is 4.86,which is a medium risk,and put forward risk prevention recommendations based on the MD company's risk situation and its own situation,including the establishment of a systematic risk warning mechanism,optimization of debt repayment capabilities,improvement of financing management systems,and emphasis on employee business.Capability cultivation,improvement of internal control system,and transformation to a market-based financing platform.