摘要
债券采取增信措施会对债券信用风险产生一定缓释作用,而对于国内债券市场各类增信措施的效果及其对评级信用政策的影响,现仍未有较为清晰的研究。基于此,本文回顾债券增信定义及分类,全面梳理国内债券增信措施,在对各类增信措施效果进行对比分析的基础上,提出评级实务中的信用政策方向。
Credit enhancement may reduce bond credit risks but there has been insufficient research on the effects of credit enhancement and credit ratings in the domestic market. This article reviews the definitions and classifications of bond credit enhancement and attempts to make a comprehensive assessment of these classifications. It also looks at future policy direction in credit ratings based on different classifications of credit enhancement.
出处
《金融市场研究》
2016年第1期103-112,共10页
Financial Market Research
关键词
债券增信
债券增信效果
评级信用政策
credit enhancement
credit enhancement effects
credit rating policy
