打破垄断格局 创建信用评级新秩序——国际信用评级体系改革与中国评级业发展展望

Analysis on the International Credit Rating System Reform and Prospects of China's Credit Rating Development

现行国际信用评级体系最根本缺陷在于美国三大评级机构高度垄断全球信用评级市场，形成此局面的原因有三：一是与美国强大的资本输出能力密不可分，二是信用评级业的自然垄断倾向造成无形准入门槛，三是美国信用评级业的特许准入制度形成又一道行业壁垒。

The radical defect of the current international credit rating system is the highly monopolistic market formed by the three major rating agencies of the U.S..China should actively cultivate the local credit rating system,which is independent and complies with its own actual conditions.As credit rating is important for banking industry,banks should improve their internal rating capability and pay special attention to the reform and influence of the international and domestic credit rating systems.