地方政府债务信用评级体系构建——以河南省实证数据为例

Construction of Local Government Debt Credit Rating System:An Empirical Study on the Data in Henan Province

对地方政府债务信用风险的研究有助于防范地方政府隐性债务。以河南省地方政府债务的实证数据为基础,选择利用KMV模型计算出违约距离和违约率,并将其引入到地方政府债务信用评级体系中,能够更好地促进融资平台健康发展。

The research on the credit risk of local government debt is helpful to prevent local government implicit debt.Based on the empirical data of local government debt in Henan Province,this paper chooses to use KMV model to calculate the default distance and default rate,and introduce it into the credit rating system of local government debt,which can better promote the healthy development of financing platform.