Study On Improving The Credit Rating Of A Steel Trade Enterprise In Xinjiang

Credit rating is making a rate for a object(including states, enterprises,individuals and so on). Nowadays, social economic risk is increasing, commercial Banks pay more and more attention to enterprise rating business to prevent risk.according to the financial status, so credit rating not only can affect the issue of bonds, but also can affect the enterprise’s management, which can affect the country and global’s economy operation. The status of small and medium-sized enterprises is more and more important in a national economy development, but because many small and medium-sized enterprises do not set up complete credit rating system and information asymmetry, so they can not fully reflect the enterprise’s credit level,which have influence on the commercial banks’ lending directly and affect the enterprise financing costs, which is one of the reasons of financing difficulties of small and medium-sized enterprises. So it is necessary to research credit rating system for small and medium-sized enterprise, only increase the small and medium-sized enterprise credit rating, the financing difficulties of small and medium-sized enterprises can be solved.This article first briefly elaborates the related content of credit rating, including the implication of credit rating、small and medium-sized enterprises credit rating、index system of credit rating、credit rating score model. The main purpose of this study is to explore how to improve the credit rating of a steel trade enterprise in Xinjiang, the basic idea is analyzing the company’s financial indicators and non-financial indicators, drawing lessons from many rating agencies’ rating methods、index system and model, combining qualitative analysis with quantitative analysis,then work out the company’s credit rating. Finally through the vertical comparison and horizontal comparison to discover the problems of the enterprise, and put forward the corresponding improvement strategies, and finally achieve the goal of improving credit rating.