Credit rating

Author: Guo Minhua
Publisher:
Publish Date: 2004-02-01
Features: The connotation of credit rating is far deeper than its surface appearance. It is a skill that combines both quantitative and qualitative analysis, equally emphasizing subjective and objective factors. It is complex and challenging, yet this very complexity forms its charm. Anyone involved in credit rating analysis, including investors, securities analysts, bank credit officers, finance and accounts receivable department staff, as well as students in relevant university departments or research institutes, will find this book to be an extremely valuable work. Although credit rating in China has only recently begun to develop, in advanced countries, not only has its practical application matured significantly, but academic discussions and research on the topic are also very lively. This book, themed around credit rating, is divided into two parts: Practical and Theoretical. It provides a detailed introduction to the practical operations and applications of credit rating, as well as a thorough explanation of the topics of interest to academia and the logical framework of research. Anyone involved in credit rating analysis, including investors, securities analysts, bank credit officers, finance and accounts receivable department staff, as well as students in relevant university departments or research institutes, will find this book to be an extremely valuable work. The book's highlights include: Practical Part: An introduction to the industry overview and basic concepts of credit rating, general industries, banking, preferred stocks and commercial paper, and the credit rating of corporate groups. Theoretical Part: An introduction to the information value of credit rating, the exploration of factors determining credit ratings, the role of professional judgment in credit rating, and an introduction to various academic models such as discriminant analysis, PROBIT model, LOGIT model, neural networks, etc.