Is aaa credit rating real or fake?

If you are running a business, or even an individual owner, you must have received a call for AAA credit certification.

At this time, you should listen carefully. Don’t blindly listen to blind faith. If you are not careful, you will be deceived by copycat institutions.

Currently, there are three categories of institutions that conduct AAA credit certification for enterprises:

Category 1: Banks. Banks such as ICBC, Agricultural Bank of China, China Construction Bank, and Communications Bank all have their own corporate evaluation systems for companies. This system is designed to assess the risk level of potential customers of banks, and its credit rating is an important reference for granting corporate loan limits.

However, banks’ rating results are controlled internally and are not disclosed to customers. Each bank does not recognize each other’s rating results, let alone disclose them to the public.

If there is publicity that if you are rated as AAA credit, you can get a bank loan, you can basically assume that it is a lie.

Category 2: Industry association ratings. At present, some national industry associations and chambers of commerce are also conducting credit ratings among member companies within the industry.

For example: The Association of Small and Medium-sized Business Enterprises conducts credit rating assessments among member companies every year. The ratings range from A to 3A.

To be fair, the rating behavior of industry associations plays an irreplaceable role in promoting the healthy development of the industry, and is still very convincing in evaluating corporate credit.

As the name suggests, it would be a joke to conduct credit ratings on people other than members.

Category 3: Third-party credit service agencies. According to the "Notice on Several Opinions on the Use of Credit Records and Credit Reports in Administrative Matters" issued by the National Development and Reform Commission, the People's Bank of China, and the Central Provisional Office: in government procurement, tendering and bidding, administrative approval, market access, qualification review, etc. In administrative matters, relevant market entities must be required by law to provide credit records or credit reports issued by third-party credit service agencies.

AAA credit certification issued by third-party credit service agencies is mostly used in the field of bidding. The requirements for each bid are different. The specific certification requirements can be determined by the company according to the requirements of the bid document.

It should be noted that the Credit Reference Center of the People's Bank of China also collects credit records of enterprises and issues credit reports for them. However, the Credit Reference Center of the People's Bank of China does not provide AAA certification conclusions for any enterprise or organization.