What are the uses of credit rating agencies?

What is the use of corporate credit ratings? What benefits can it bring to the enterprise?

1. Bid pass. In recent years, national policies have vigorously advocated the introduction of corporate credit ratings into bidding activities, and various provinces and cities have responded actively. Therefore, more and more bidders across the country use credit reports as the entry threshold for corporate bidding. In addition, Corporate credit is also needed when participating in government procurement, applying for policy subsidies, applying for various qualifications, etc.

2. Bonus points for bidding. Enterprises holding credit rating certificates to participate in bidding can also enjoy bonus points. The higher the credit rating of an enterprise, the higher the bonus points it will receive. Generally, AAA will add 3 points, AA will add 2 points, and A will add 1 point.

3. Credit ID card. The credit rating certificate issued by a third-party credit institution has a certain degree of fairness and authority, and has been widely recognized by the public. It is a true and credible credit ID card for enterprises, making it easier to obtain partners in business cooperation. trust.

4. Financing knocking letter. After a company wins a bid, if it needs special project financing, companies with high credit ratings will be more favored by banks.

5. Management improvement book. The credit report issued by the enterprise credit rating has detailed data analysis and indicator evaluation of the enterprise's operating status, financial status, credit status, etc. The content is objective, fair, true and reliable. Through the credit report, the enterprise can promptly discover problems in the operation and management process. .

6. Strong spokesperson. The AAA credit rating not only means a good credit record, but also indicates that the company is in good operating condition, has strong profitability, and has strong financial strength, which is proof of the strength of the company.