The Credit Rating Of Building Companies

As a necessary element, credit is the precondition and foundation of the market economy. So in construction field, credit system should be founded, and credit rating of companies is the key. Standing on the third position, taking building companies as example, companies' credit rating , which is the core of credit system, is studied, hoping to provide a way or a method for the other kinds of constructional companies.There are two key points about credit rating—index system and rating method. Firstly, according to the principle of independent, representative, comparative, operative, pertinent, collecting all the credit rating indexes used in the credit rating of common companies, considering the particularity of construction industry, the index system of credit rating for building companies is established, and analyzed the independency between indexes, using the statistical analyzing software SPSS. At present, there are many credit rating methods, which have been developed through nearly a century's development, but they are not all adapted to construction Industry's particularity. So understanding most methods, through comparing the advantages and disadvantages between them, the fuzzy comprehensive evaluation model based on entropy value method is picked out as the credit rating method of building companies. Because of the reasonable premise about number, scientific and rigorous operational mechanism this model is very suitable for the credit rating of building companies. Through a case demonstration ,verified the validity of the credit rating system, established in the paper. At last, some suggestions and countermeasures, relating to macroscopical management based on credit rating by government and the establishment of credit environment and the microcosmic credit management by companies are proposed.As the foundation of company management based on credit, the credit rating of building companies can help to optimize the structure of construction Industry, to cultivate super building companies, taken proud by our nation, and can help building companies to raise their credit realization and credit ranks, enhance the ability of credit risk management, so as to participate in international competition more actively.