Construction and application of credit rating analysis

• Main Authors: CHEN JEN CHIEH, 陳人傑
• Other Authors: LIU PANG TIEN
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/30122632178264924511

碩士 === 國立臺灣科技大學 === 財務金融研究所 === 93 === According to adopt the new protocol of Basel (Basel II ) at the end of 2006, it more emphasize with credit risk remark base on “credit rating.” . All of existing enterprises rated by external credit rating institution in Taiwan mostly confine to large-scale enterprises and financial institution. The information offered by credit rating unable to fully meet enterprise's operation demand. Consider of the demand on the reality, this research purpose lies in how to build and construct an inside credit rating system of an enterprise. We take X company for an empirical study. We conclude that: first, when construct a credit rating system, financial factors and non- financial factors should be regarded as equally important. Second, because of different industries and scale, the model of credit rating should setting up differently. Third, credit rating system should be updated dynamically and in real-time. Fourth, credit rating should not to be regarded as a basis to receive or deny authorization. We should establish correct data contentiously as soon as we can, in order to form the database. And in advance develop the credit risk predict model, one can catch up with the demand for risk management.