What is the significance of credit rating to investment guarantee companies?

In order to strengthen the supervision of the guarantee industry, starting from 20 10, according to the requirements of the People's Bank of China and the Ministry of Industry and Information Technology, guarantee companies must be rated by evaluation companies recommended by the People's Bank of China and the Ministry of Industry and Information Technology. The main assessment contents include: financial strength, risk control ability, financial management, guarantee operation norms, senior management quality and business development (especially the development of bank insurance business). The assessment is divided into three grades: A, B and C from high to low. In the future, guarantee companies without credit rating are not allowed to participate in the bancassurance business, and it is difficult to obtain a business license. Therefore, for guarantee companies, credit rating is a concrete manifestation of the company's comprehensive strength and a necessary prerequisite for business development.