What is a company rating? Come on, everybody, 3Q.

Refers to the company's credit rating. Credit rating, also known as credit rating, is a kind of social intermediary service, which will provide credit information for the society or provide decision-making reference for the unit itself. Originally produced in the United States in the early 20th century. 1902, John moody, the founder of moody's company, began to rate the railway bonds issued at that time. Later, it was extended to various financial products and various evaluation objects. Because the objects and requirements of credit rating are different, the contents and methods of credit rating are also very different. We study the classification of credit in order to explore different credit rating standards and methods for different credit rating projects. Credit rating agencies in the capital market rate countries, banks, securities companies, funds, bonds and listed companies. Well-known enterprises include Moody's, Standard & Poor's and Fitch Ratings, and credit evaluation agencies in the commercial market, which conduct credit investigation and evaluation of commercial enterprises, among which Dun&; Bradstreet) consumer credit rating agencies, which provide consumers with personal credit surveys on the concept of credit rating. There is no unified statement so far, but the connotation is roughly the same. Amber Zhongxin believes that it mainly includes three aspects: first, the fundamental purpose of credit rating is to reveal the default risk of the assessed object, rather than other types of investment risks, such as interest rate risk, inflation risk, reinvestment risk and foreign exchange risk. Secondly, the object of credit rating is the ability and willingness of economic subjects to fulfill their debts or other obligations on time according to the contract, not the value or performance of the enterprise itself. Third, credit rating is an expert opinion issued by an independent third party on the credit risks of various economic entities and financial instruments by using its own technical advantages and professional experience. It can't replace the capital market investors to make their own investment choices. It should be pointed out that credit rating is different from stock recommendation. The former is based on the debtor's default risk in the capital market, evaluating whether the debtor can repay the principal and interest in time, without commenting on the stock price itself; The latter is based on earnings per share (EPS) and price-earnings ratio (PE), and often judges the trend of the stock price itself. The former is aimed at creditors and the latter at shareholders.