As an important part of the construction of social credit system, the significance and function of enterprises applying for credit rating mainly include: 1, an effective way to establish corporate image. Enterprise credit rating is of great significance for shaping credit image, reducing transaction costs, enhancing competitiveness and creating a good competitive environment. 2. Credit rating is a passport for enterprises to win the market. Credit rating is a passport for government support, bidding, business dealings, investment attraction, financing guarantee and bank loans. 3. Credit rating is the proof of comprehensive competitiveness of enterprises. Credit status is an important factor to measure the performance ability and bidding reputation of enterprises, and credit rating can provide the most powerful proof for the comprehensive competitiveness of enterprises. 4. Credit rating is a necessary means to strengthen enterprise management and prevent risks. Through objective evaluation, enterprises can find their own shortcomings and hidden dangers, improve management, strengthen risk prevention, and establish a modern credit management system serving sales and financial control. Enterprises in developed countries have credit management departments. At present, only large enterprises directly under the central government, some listed companies and most foreign-funded enterprises in China have established credit management departments. An important function of the credit management department is to coordinate finance and sales, conduct credit transactions and guard against operational and financial risks. In short, the credit rating certificate is an important identification of enterprises and individuals. Credit rating helps to enhance the corporate image, plays an important role in the qualification identification, appraisal, policy support, bidding and other activities of government departments, plays an important role in the process of selecting partners for enterprise cooperation units, and has important influence and help on enterprise financing, bidding, obtaining government support and recognition of partners.
2. What are the advantages and disadvantages of credit rating?
Credit rating helps enterprises win more market opportunities. In business activities, enterprises usually face opportunities such as signing purchase and sale contracts, participating in bidding, applying for qualifications, and participating in project evaluation. If they have a good credit registration report, they can gain each other's trust and win business opportunities.
The credit evaluation of enterprises by intermediaries can provide credit information of enterprises objectively and fairly, which is conducive to enhancing mutual trust and cooperation between enterprises. Undoubtedly, those enterprises with good credit ratings can safely attract relevant parties to cooperate with them, thus making more and more business partners and expanding their development space.
Credit rating broadens financing channels for enterprises. From the perspective of indirect financing, enterprises need to go through credit rating when applying for loans from commercial banks, especially those key large households that have reached a certain loan scale, and they must go through the credit evaluation of a third-party professional rating agency before they can get loan support from financial institutions. From the perspective of direct financing, credit rating is an important reference for bond pricing. Before issuing corporate bonds, short-term financing bills, convertible bonds and other debt financing tools, enterprises also need to accept the credit rating of professional rating agencies. Good credit is conducive to reducing the financing cost of bond issuers.
In addition, with the steady progress of interest rate marketization reform, the credit rating of enterprises will be closely related to the loan interest rate they apply for. Therefore, a good credit rating will not only help enterprises get financing support, but also reduce their financing costs to some extent. Credit rating helps enterprises improve their management level. Credit rating comprehensively analyzes and evaluates the business ability, profitability, solvency, performance, development prospect, internal control and credit risk of participating enterprises, which can further clarify their own advantages and development direction, help enterprises to constantly improve themselves in production and operation management, formulate scientific development plans, and achieve comprehensive, rapid and healthy development.
In addition, credit rating not only helps enterprises to enhance their credit awareness and further standardize their business behavior, but also helps enterprises to accumulate intangible assets through credit brand display and further enhance their competitiveness. Under the current macroeconomic situation, it is of great practical significance to strengthen the credit rating of enterprises, which is helpful for commercial banks to further improve the risk management level of credit business of small and medium-sized enterprises, further increase the credit supply to small and medium-sized enterprises and meet their financing needs.
Therefore, it is necessary to speed up the construction of credit rating system for small and medium-sized enterprises, improve the efficiency of credit rating, optimize the rating workflow, make more and more small and medium-sized enterprises pay more attention to credit management, improve the enthusiasm of participating in credit rating, and then promote the development of credit market for small and medium-sized enterprises. In order to better promote the credit rating of small and medium-sized enterprises, we should further improve the rating index system of small and medium-sized enterprises, establish and improve the coordination mechanism of credit supervision, and promote small and medium-sized enterprises to enjoy credit information resources.
3. What are the advantages and disadvantages of credit rating?
The advantage is that it can reduce the crime rate, reduce the number of old criminals and make the social operation more standardized. The disadvantage is that unintentional violations will increase the corresponding operating costs and cause public concern.
4. What are the functions and benefits of credit rating for enterprises?
In the market economy, all economic entities are inseparable from credit in social activities, and all economic exchanges such as borrowing, buying, selling, and people owing me are directly related to credit. Credit rating is a product of market economy, a comprehensive analysis and measurement of the ability and reputation of various market participants to perform corresponding economic contracts, and an indispensable intermediary service in market economy; The specific functions and benefits of enterprises (units) can be summarized as the following five aspects: First, enterprises (units) have an effective credit "identity card" in market activities. In a market economy, every enterprise (unit) is an independent operator. Signing a purchase and sale contract, participating in bidding, applying for qualification and striving for government procurement all require a valid credit "ID card" to gain the trust of the other party. Credit rating agencies that have been strictly examined and recognized by the regulatory authorities in the society independently, objectively and fairly evaluate the credit rating through standardized evaluation procedures, and become effective credit "identity cards", which enable partners to obtain accurate and fair credit information and play an irreplaceable role in accelerating cooperative decision-making. Second, enterprises (units) have a reliable "passport" to enter the financial market to raise funds. In the capital market, enterprises (units) must use bonds and other financing tools to raise funds, and must be evaluated by qualified evaluation agencies before issuing bonds; In the credit market, enterprises (units) applying for loans from financial institutions also need to go through credit rating, especially key large-scale loan enterprises (units) with a certain loan scale must go through standardized evaluation by independent third-party professional rating agencies with confirmed qualifications before they can obtain loan support from financial institutions. (Next issue to be continued)