Credit has become one of the foundations of modern market. Credit markets in developed countries developed earlier, with a relatively mature credit rating system, rating agencies and credit public information. In comparison, credit rating in China is growing in the last thirty years, and the credit rating business is still in the initial stage which needs continuous learning. Speed up the development of China’s credit rating industry will play a negligible role in individuals and businesses open channels for information exchange, enhancing market efficiency of economic activities, and promoting the healthy development of the financial market.The paper firstly introduces several credit ratings in the current market. And then combined with the current status of different categories of domestic financial enterprise, we set up a credit rating model with factor analysis and cluster analysis based on the open financial indicators of corporate disclosure. After verifying ten enterprises with theoretical research and actual market data, we prove that the credit ratings in this paper has a certain reference value, which can also provide a reference for investment and research. |