What is the use of credit rating agencies?

What is the use of enterprise credit rating? What benefits can it bring to the enterprise?

1. Bid passed. In recent years, the national policy has strongly advocated the introduction of enterprise credit rating into bidding activities, and all provinces and cities have responded positively. Therefore, more and more bidders all over the country regard credit reports as the entry threshold for enterprises to bid. In addition, corporate credit is also needed in participating in government procurement, applying for policy subsidies and applying for various qualifications.

Second, bidding for extra points. Enterprises with credit rating certificates can also enjoy extra points and encourage them to participate in bidding. The higher the credit rating of an enterprise, the higher the bonus points it gets. Generally, AAA will add 3 points, AA will add 2 points, and A will add 1 point.

3. Credit ID card. The credit rating certificate issued by the third-party credit institutions has certain fairness and authority, which has been widely recognized by the public. It is a true and credible credit ID card for enterprises, and it is easier to gain the trust of partners in business cooperation.

Fourth, financing knocks books. After winning the bid, enterprises with high credit rating are more favored by banks if they need special project financing.

V. Management improvement book. The credit report issued by an enterprise's credit rating has detailed data analysis and index evaluation on the enterprise's operating status, financial status and credit status, and its content is objective, fair, true and reliable. Through the credit report, enterprises can find the problems existing in the management process in time.

Sixth, the strength spokesperson. AAA credit rating not only means a good credit record, but also shows that the enterprise is in good operating condition, strong profitability and strong financial strength, which is a proof of the strength of the enterprise.