Credit rating refers to the classification of enterprise credit by credit (credit) evaluation institutions according to the results of enterprise credit evaluation, which reflects the credit level of enterprises. In western countries, corporate credit ratings are divided into AAA, AA and A, while others are divided into 3A, 3B and 3C to guide investors' behavior.

Evaluation process:

1. The rating team submits the credit rating report and working papers after the three-level review to the internal credit review committee of the credit rating agency;

2. The internal credit review committee shall hold a review meeting. The review meeting will listen to the appraiser's introduction, discuss, question and review the credit rating report and working papers, and put forward opinions on the revision of the credit rating report; The credit evaluation committee determines the credit rating of the rating object according to the credit rating method and rating restriction conditions;

3. The rating team modifies the credit rating report according to the credit rating and evaluation opinions decided by the credit evaluation committee;

4. The rating results shall be valid only if more than two-thirds of the members of the evaluation committee agree.