Study On Engineering Practice Of Project Financing Rating Of Commercial Banks

Credit risk is one of the main risks of commercial banks. It is also the main research direction of risk management of commercial banks. It is the primary means of credit risk assessment of commercial banks to quantify and evaluate enterprise credit risk through credit rating. The project financing rating system for project financing rating is an important means to consider the credit risk of project financing, which is a common method adopted by commercial banks.Compared with traditional financing, project financing has significantly different characteristics. Project Financing Loans Purpose Clearly targeted and generally high leverage, generally used to build a large amount of total investment in large-scale production facilities or infrastructure projects, in addition to new construction projects also include the construction or refinancing. The borrowers of project financing are characterized by temporary and replicable characteristics, and are generally established as specialized enterprises and institutions for the construction, operation or financing of the project. The repayment source of the project financing is characterized by high self-sufficiency and closeness, which mainly depends on the sales income, subsidy income or other income generated by the project itself.Commercial banks have established a project financing rating system for project financing, and this system has a very wide range of applications and significant role. However, the typical rating system is too general, for different industries and different types of projects should be set to different weights of the index system, while the model focuses on technical value, and the lack of consideration of commercial value.Taking the financing rating of the refining industry as an example, this paper proposes a preliminary adjustment idea for specific industry characteristics in view of the typical rating model.Local Refining industry development process is very difficult, and development prospects are very broad. The study of project financing in this industry has a significant practical significance. Shandong regional refining industry accounted for half of the country to refining industry.The regional characteristics are very clear, has its unique research significance. According to the characteristics of financing demand in Shandong region, the key contradiction of the past development, the main contradiction and the future development direction of Shandong regional refining industry are established, and the model of project financing rating is established. In the adjustment process of this model, it is very important to guide the design of reasonable index system for local refining industry characteristics.