Commercial Credit Rating: the Experiences from U.S.A.
Yubao Wang
Abstract
Yubao Wang
Abstract
The industry of credit rating is an important mechanism to insure credit trasactions in many countrys and regions today. It is important in China. The development of the industry in America has been for a long time. In this article, we shall sum up the experiences about the industry in America and introduce them to China. The article concludes that China must go on free market road in the industry of credit rating, develop credit system in a Chinese-specific manner and enhance the managements on the industry.
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The industry of credit rating is an important mechanism to insure credit trasactions in many countrys and regions today. It is important in China. The development of the industry in America has been for a long time. In this article, we shall sum up the experiences about the industry in America and introduce them to China. The article concludes that China must go on free market road in the industry of credit rating, develop credit system in a Chinese-specific manner and enhance the managements on the industry.
Key concepts: Credit rating, China, Business, Credit enhancement, Credit reference, Credit history, Bond credit rating, Mechanism (biology)