全球次级债危机对我国债券市场信用评级的启示

The Lessons of the Crisis of Global Subordinated Debt Bond Market on Credit Rating

由于现代金融体系的全球化,以及参与美国次级债券的投资机构众多,美国次级债危机很快在全球蔓延开来,逐步演变成了一场全球信用危机,而一贯被人们寄予厚望的信用评级机构在这场愈演愈烈的危机中却备受指责。这场全球性的信用危机为我国债券市场信用评级制度的完善提供了有益的启示。

With the globalization of morden financial system and multitudinous invest institution involved, the American subordinated bonds crisis spread all the world,and it come to change the global credit crisis dramastically. However, the credit rating institution used to be trusted has come to be criticized by people in this crisis. This global credit crisis provide useful revelation to improve the credit rating system of China subordinated bonds market.