我国绿色债券信用风险评价体系的构建研究

Research on the Construction of Green Bond Credit Risk Evaluation System in China

指出了随着我国绿色债券发行种类的增加、发行量逐年上升,绿色债券市场进入快速发展期,信用风险的问题也凸显出来,有必要构建比较科学的评价体系。运用层次分析法,结合绿色债券的信用风险特点,构建了适用于我国绿色债券的信用风险评价体系。在此基础上应用信用风险评价体系,对清洁交通类绿色债券进行了评价。结果发现,绿色债券的专项资金运用和管理情况比较好,但经营状况整体情况不是很好,可能会存在影响债务偿清的风险。为此,提出了我国绿色债券对第三方认证和担保目前没有强制性要求,后续发展中应该增加这方面的政策。

With the increase of China's green bonds,the issuance is increasing year by year.With the development of green bond market,the problem of credit risk has been highlighted.It is necessary to build a more scientific evaluation system.In this paper,AHP is used to build a credit risk evaluation system suitable for green bonds in China.On this basis,the credit risk evaluation system is applied to evaluate the green bonds of clean transportation.This paper finds that the use and management of special funds of green bonds are relatively good,but the overall operating situation is not very good,which may affect the debt repayment risk.At present,there is no mandatory requirement for the third-party certification and guarantee in China's green bonds,so policies in this area should be added in subsequent development.