铁道债资质简析与超AAA级主体资质比较

An analysis on the railway bond qualifications with some comparison to the credit-rating of AAA+ issuers

受7·23甬温动车事故影响,铁道债在债券一二级市场一度遇冷,其信用利差定位和信用展望成为市场关注的重点。该文结合相关财务指标分析,通过纵向透视铁道部、横向比较其他超AAA级主体资质情况,寻求铁道债信用利差水平的合理评估,并就超AAA级债券的投资策略提出建议。

Under the Influence of the Yongwen High-speed Train Crash on July 23, railway bonds failed to fizz in the primary and secondary bond markets for a time, and the spread position and credit-rating outlook have become the market focus. This article gives an analysis in the light of the relevant financial indicators by means of reviewing the Ministry of Railways as an issuer and comparing with the qualifications of other AAA＋ issuers so as to make a reasonable evaluation of the credit spread of railway bonds and put forward suggestions on investment strategy concerning AAA＋ bonds.