Study on the coordinated development of East Asian bond credit rating

摘要

Since outbreak of the U.S. subprime crisis in August 2007, the crisis caused losses in U.S. and around the world are not to be ignored in either U.S. real economy or volatility of Global financial market. The crisis has undoubtedly brought a lot of inspiration to East Asian Economies. Because Bond markets in most East Asian Economies are still at the initial stage, the credit rating systems are very imperfect. The paper analyzes firstly the necessity of the coordinated development of East Asian bond credit rating, then dissect status and problems of Bond Ratings cooperation between East Asian Economies, and finally puts forward strategic proposals about the coordinated development of East Asian bond credit rating.