CAJ | 학술논문

本文结合中美信用评级市场发展脉络，从评级机构、收费模式、监管模式等方面分析两国信用评级市场发展过程中的不同特征，认为美国信用评级市场健康发展的原因在于评级机构重视市场声誉以及监管机构注重加强引导与监管。借鉴美国经验，我国的信用评级机构应该注重加强信用评级机构的内部治理，提高信用评级机构的国内外影响力；同时加强外部环境建设和信息披露制度建设，建立科学统一的外部评级机构管理制度。
본문결합중미신용평급시장발전맥락，종평급궤구、수비모식、감관모식등방면분석량국신용평급시장발전과정중적불동특정，인위미국신용평급시장건강발전적원인재우평급궤구중시시장성예이급감관궤구주중가강인도여감관。차감미국경험，아국적신용평급궤구응해주중가강신용평급궤구적내부치리，제고신용평급궤구적국내외영향력；동시가강외부배경건설화신식피로제도건설，건립과학통일적외부평급궤구관리제도。
Combined with the development history of the credit rating market in China and US, this paper analyzes the different features shown in the development of the credit rating market in these two countries, in terms of credit rat-ing agency, charging model and regulatory model. This paper believes that the healthy development of the US’s credit rating market lies in the fact that the credit rating agencies attach importance to the market reputation and regulatory agencies lay stress on guidance and regulation. Learning from US’s experience, the credit rating agencies in our coun-try should lay emphasis on strengthening the internal governance of credit rating agencies and raise their influence both at home and abroad. Meanwhile, it should strengthen the construction of external environment and establishment of in-formation disclosure, and establish a scientific and unified external management agency system.