亚投行如何获得AA评级.docxVIP

亚投行如何获得AAA评级——基于超主权信用评级方法的分析内容摘要：作为由新兴经济体主导的多边开发银行，亚投行能否获得较高信用评级并成功运营，是各方关注的焦点。本文通过研究多边开发银行的超主权评级机制及多边开发银行获得AAA评级的好处，分析了亚投行信用评级的优劣势，以及亚投行获得AAA评级的重要意义。文章认为亚投行取得较高信用评级可以降低融资成本，是其可持续发展的基础。目前，亚投行职能定位准确，业务开展具有广阔空间，同时受到中国、印度、欧洲国家等股东的大力支持，在信用评级中会有加分效果；但是，作为新成立的多边开发银行，亚投行缺乏运营经验，也没有相应的项目积累，都会对其取得较高评级造成不利影响。对亚投行来说，虽然无法完全确保可以获得AAA评级，但通过强化优势和改正不足，争取AAA评级的努力却是重要且必要的。关键词：多边开发银行 亚洲基础设施投资银行 超主权信用评级中图分类号：F830文献标识码：AHow to Get the Rating of AAA for AIIB: Based on the Method of Supranational RatingAbstract: As the multilateral development bank (MDB) led by emerging economies, whether AIIB can obtain higher credit rating and operate successfully is the focus of each parties. This paper compares the Supranational Rating Mechanism of MDB and the benefits of AAA rating for MDB. And based on the comparison, the paper analyzes the advantages and disadvantages of AIIB credit rating, and the significance of AAA rating for AIIB. We find that the higher credit rating for AIIB can reduce the cost of financing, and it is also the foundation of sustainable development. At present, the AIIB has the accurate function position, vast space for business development, and the support of Chinese, India, European countries and other shareholders, these will have a positive impact for the credit rating of AIIB. But on the other hand, as a new MDB, AIIB lack of operational experience and corresponding projects, these will have adverse effects for the credit ratings of AIIB. Although we are unable to ensure that AIIB can get AAA rating, it’s important and necessary to try to get AAA rating by strengthening the strong points and correcting the weaknesses.Key words: Multilateral Development Bank；Asian Infrastructure Investment Bank；Supranational Rating由中国发起设立的亚洲基础设施投资银行（简称亚投行）在57个成员国的见证下，于2016年1月16日在北京正式成立并开业。和其他多边开发银行一样，亚投行为了开展业务，需要在国际资本市场上发行债券，因此信用评级的高低具有重要意义。AAA评级是全球所有评级机构在信用评级中能够给出的最高级别，也是所有准备发债的被评机构最渴望得到的评级结果。得到AAA评级的好处简单来说有如下两点，第一，提高市场的认可程度，发行债券更容易；第二，降低融资成本。尤其对于无法吸收存款、只能以发债获得融资的多边开发银行来说，取得较高信用级别是其可持续发展的关