Building Corporate Credit Rating Indicators And Methods Of Research

Silimar with European and American countries, characteristics of construction industry in china is cyclical fluctuation,policy guidance,safety and quality influence and so on, but due to the influence of development stage, china's construction industry also exists in the particularity of unreasonable types of companies,project management system,supervisor division,scale structure, etc. In china, currently construction market development is still not perfect and system and mechanism are still not be straightened out, comprehensive law enforcement system should to be improved, market conditions are lack of credibility, performance consciousness is weaker and construction market supply and demand are imbalance, etc, leading credit system of construction market has impeded. reputation lapse not only caused building market confusion, operating costs waste, but also caused a greater risk for building enterprises and industries development.In order to fully reveal and make early-warning to credit risk of our construction enterprises, this article constituted the credit rating method of construction industry based on the intensive research of inherent characteristics and particularity of construction industry, Learned and absorbed the rating concept of international ratings agencies. Not only the selected methods should be used to guide analysts to implement rating practice toward construction enterprises, but also can help users of grading report to understand considered factors and analysis procedure in evaluating the credit risk of domestic building enterprises, enhance the transparency of the credit rating, so that users to identify and prevent credit risks.This approach is made up by the following five parts:The first part was exordium, mainly introduced the research background and study on home and abroad, and also introduced the research methods, meaning and the main innovative points in text. The second part introduced the theory and operating mechanism of credit system. Explained particularly the relevant concepts and demarcation of credit, then analyze definition of credit for building enterprise, and dissected the characteristic and cause of credit, thoroughly. at the same time made illustration for the construction market moving system. The third part researched on the inherent characteristics and particularity of china's construction industry, then generalized major source of credit risk of construction industry in current and future, thereby established thinking and framework of credit analysis ratings of building enterprises. The forth part determined the major factors considered in construction enterprises credit rating, and provided reference maps of some indicators on the basis of sorting and statistics the construction industry database. Combined with concrete construction enterprises, used the AHP method to make credit rating. The fifth part made the main conclusions of the thesis and put forward some suggestions.