Many Mistakes, Crisis Comes From Credit Ratings

'Including large financial markets worldwide like the US, there are still credit rating crises. Model of credit rating companies is not the perfect method, absolutely safe for all financial markets and for investors' ... Mr

. Do Ngoc Quynh, Secretary-General of the Market Association left Vietnamese votes. Dong Do Ngoc Quynh, General Secretary of Vietnam Bond Market Association, emphasized so at the second thematic dialogue on the corporate bond market with the topic: "Personal Left Investment Corporate votes: Identify and behave risks ". Look for a deep-and-widespread investor in many businesses because there are no credit ratings, so despite the nature, capacity and reputation differently but Interest rates are similar in the market, making both professional investors such as securities companies face difficulties in the process of assessing
So, when investing in corporate bonds, they have to Use the internal properties assessment system. However, the results of assessing the same enterprise from a banker of A, B, C, which provide different results. This is also the reason for the Ministry of Finance and the association and centralized management agencies Development of the Government bond market in advance, in order to create a standard interest rate curve, for standard term, from 1 year to 30 years, with the national rankings. The state management agencies have tried to predict the risks that can occur with the market and take specific policies and adjustments, to form better protection corridors, prevent risks for risks Personal investors. Build a copy business, with a vision, building a professional mobilization brand, which we call fun with each other as "professional debt". The capacity building and capital mobilization position is very important. Because any business needs capital because the business process is continuously operating. I feel happy to see many Vietnamese businesses begin to actively rank your own corporate credit, to increase transparency and Objective about the quality and efficiency of businesses with the general market and investors in particular. By in the general debt market and the bond market in particular, when a bond issuance enterprise, In addition to capital mobilization purposes with attractive interest rates, one of the business goals achieved, it is, building and forming an investor platform. Business lawsuits have the opportunity to approach the capital market later better and more favorable
At the same time, the larger capital mobilization scale and more reasonable cost to serve production and business activities is increasingly effective. Of course, this is a non-natural process, which businesses need to war Comb, proactive in strategic implementation. The process of building an investor foundation depends on the transparency of the enterprise itself, business efficiency, commitment, consistency in the action of the enterprise, expressed by the results of business activities For investors. Credit rating is not a normal business model, but the enthusiasm of Vietnamese market finances during the past 20 years. I appreciate businesses who dare to break, dare to pour money to deploy credit rating rating in the early stages of financial markets. Participating in the market at this time, is not only an opportunity, but also an important mission for people who work as a trusting class. However, including financial markets Large globally like the US, there are still crisis credits. Is it possible to question, have the trust ranking method right, objective and transparent? The capacity of credit rating companies has been able to keep up with the changes of the market, to predict, properly assess the risk of the market and businesses. Since then, providing the appropriate credit ratings and the best reflection of the risk of enterprises in a certain economic condition. The development of the international financial market shows expensive lessons. At the same time, the world's leading credit rating organization also failed to make a change in the market and assessed incorrectly, issued a trusting rating even misunderstood, leading to complete investment decisions The whole mistake, not commensurate with the risk of businesses. Figure of credit rating companies is not the perfect method, absolutely safe for all financial markets and for investors, But only a measure, tool is auxiliary. The market needs other comprehensive solutions, in which, with policies, legal framework, infrastructure, compliance and seriousness, Responsibilities, professional of businesses and publishers. Especially, need to raise awareness and understanding of investors. More than anyone else, they must be responsible for controlling risks for investments.

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