What is credit rating?
Credit rating is the rating category of enterprise credit by credit (credit) evaluation institutions according to the enterprise credit evaluation results. It reflects the level of enterprise credit.
The work of credit evaluation and rating of Chinese enterprises began in the 1980s. Generally, enterprises are divided into three categories. Some places use foreign representations, namely AAA, AA and a, while others use Chinese representations, known as class I, II and III enterprises. Different credit grades will have great differences in the difficulty and conditions for enterprises to raise funds in the market and obtain bank loans. At the same time, they are also an important index system to measure the financial ability of enterprises.
The State Council's promotion of the construction of enterprise credit system
Market economy is credit economy, and credit is the basis for enterprises to survive and develop in the fierce market competition. In June 2014, the State Council issued the outline of social credit system construction plan (2014-2020) (GF [2014] No. 21). The outline points out that we will comprehensively promote the construction of social integrity. By 2020, a credit investigation system covering the whole society will be basically completed, and the mechanisms of trustworthy incentive and dishonesty punishment will play a full role. We should give full play to the role of market mechanism, encourage and mobilize social forces, widely participate in and jointly promote, so as to form a joint force for the construction of social credit system. In the process of market supervision and public services, we will implement "green channel" support and incentive policies such as giving priority to those who are honest and trustworthy and simplifying procedures.
On May 17, 2013, the national development and Reform Commission, the people's Bank of China and the central editorial office issued the notice on Several Opinions on the use of credit records and credit reports in administrative matters, fgcj [2013] No. 920. The document proposes to establish and improve the credit records of social credit subjects. Governments at all levels and relevant departments shall, in combination with local and departmental realities, require relevant market entities to provide credit records or credit reports issued by third-party credit service institutions in administrative matters such as government procurement, bidding, administrative examination and approval, market access and qualification examination.
Why should enterprises have AAA credit rating?
1. Establish credit image
Enterprise credit rating is of great significance for shaping credit image, reducing transaction costs, improving competitiveness and creating a good competitive environment.
2. Enterprise intangible assets
Credit status is an important factor to measure the performance ability and bidding reputation of enterprises. Credit rating can provide the most powerful proof for the comprehensive competitiveness of enterprises.
3. Bidding credit certificate
Credit rating is the pass to obtain government support, bidding, business exchanges, investment attraction, financing guarantee and bank loans.
4. Bonus points for bidding
For the company's bidding projects, add points (add 3-5 points), which has more advantages than the peer competitive companies that have not handled it.
