国际信用评级体系改革进程及我国评级业发展展望

International Credit Rating System Reform and Outlook of China’s Rating Agencies Development

信用评级是解决金融市场信息不对称问题的重要途径之一,其在资本市场特别是债券市场运行中起着风险揭示、市场定价、防范信用风险等重要作用。长期以来,国际信用评级领域形成了以美国三大评级机构为主体的寡头垄断格局。本次国际金融危机和欧洲主权债务危机的爆发,凸显出现行国际信用评级体系存在的种种弊端。本文分析了现行国际信用评级体系所存在的缺陷,探讨了国际社会及我国政府为进一步完善国际信用评级体系所采取的措施、信用评级对我国商业银行的重要作用及应对建议。

The credit rating is one important way to solve the problem of information asymmetry in the financial markets,especially in the bond markets which plays running the risk of revealing, market pricing, preventing credit risks and other important roles. Over the years, the field of international credit rating was controlled by the three major rating agencies of the U- nited States that formed the main body of oligopoly structure and took the important part in the international financial crisis and Europe＇s sovereign debt crisis. This paper analyzes the defects of the current international credit rating system, and studies the measures taken by the international community and our government, and the important role of the credit rating on China＇s commercial banks and recommendations.