大公债券信用评级方法二○○九年十月目录概述..........................................................................................................................................1第一章大公债券信用评级基本框架...................................................................................3第一节大公债券信用评级的基本理念.......................................................................3一、主体信用级别与债项信用级别.......................................................................3二、信用风险的类型...............................................................................................4三、大公信用级别与信用风险要素之间的逻辑关系............................................4第二节大公债券信用评级分析框架...........................................................................5一、偿债能力评级...................................................................................................6二、行业信用风险对偿债能力级别的校正...........................................................6三、主体信用级别评定...........................................................................................7四、债项信用级别评定...........................................................................................7第二章大公主体偿债能力评级分析...................................................................................9第一节导论..................................................................................................................9一、偿债能力三大支柱...........................................................................................9二、偿债能力评级内容...........................................................................................9第二节债务分析........................................................................................................11一、债务规模........................................................................................................11二、债务结构........................................................................................................12第三节现金偿付能力分析.........................................................................................13一、现金偿付能力.................................................................................................13二、现金偿付能力风险.........................................................................................14三、现金偿付能力评定.........................................................................................21第四节资产流动性分析.............................................................................................22一、资产流动性对债务的保障.............................................................................22二、资产流动性风险.............................................................................................23三、对资产流动性债务保障程度的评定.............................................................25第五节外部支持分析.................................................................................................26一、外部支持对债务的保障.................................................................................26二、外部支持风险.................................................................................................27三、对外部支持债务保障程度的评定.................
