Research On Credit Rating System Of Small And Medium-Sized Enterprises In Commercial Banks

Since the reform and opening-up in China,small and medium-sized enterprises(SMEs)have been grown up as the main force of China’s national economic development.They play an important role in improving productivity,increasing employment opportunities and stimulating consumption growth.Commercial banks are the most basic financing channels for SMEs,and issuing loans to SMEs is the most basic business of banks.However,SMEs generally have difficulties in financing and are caught in financial troubles which draw widespread attention.There are two main reasons.On the one hand,the weak foundation,limited scale of production and the existence of information silos undermine the overall credit of SMEs;On the other hand,there is no credit rating system for SMEs,which results in a lower rating level of SMEs than the actual situation and the lack of loans scale from commercial banks.Therefore,the study of the problems in commercial bank credit rating system and the system’s optimization direction has very important theoretical and practical significance.This paper aims to solve the problem of the SME credit rating,improve the ability of credit risk identification and provide reference for banks by establishing a scientific SME credit rating system which is in line with China’s actual situation.This paper sees the concept of SME credit rating as its logical starting point,starts with the theoretical basis of the establishment of credit rating system,the domestic and foreign research status on credit rating methods and the relevant rating model and the research on credit rating of SMEs,analyses the development status of SME credit rating system in China’s commercial banks,and takes Z Bank as the research object,puts forward some problems existing in the SME credit rating system,for example,the rating model and rating index.According to the theoretical analysis and the practical research,this paper optimizes the credit rating system of Z Bank for SMEs,designs index system by both qualitative and quantitative analyses,confirms the index weights,goes through consistency test by analytic hierarchy process(AHP)and software YAAHP,and then takes FJNF company as an example for application research,compares and contrasts the credit rating results,which verify the rationality and feasibility of the model system.This paper proposes that commercial banks should focus on credit system construction,information resources sharing,rating system optimization and training of professional talents,in order to promote the accuracy and effectiveness of the rating results.On the same time,SMEs should make some efforts,such as raising the credit risk awareness,strengthening the financial data release and so on,in order to ensure the construction and improvement of SME credit rating system.