Analysis of the Characteristics,Causes,and Risk Warning of Credit Bond Default
In recent years,there have been frequent defaults on credit bonds in China,with increasing default risks and expanding default scales.The article reviews the current situation and characteristics of credit bond defaults,analyzes the reasons for credit bond defaults,studies early warning and prevention measures for credit bond default risks,and proposes corresponding suggestions from the perspective of credit bond investment.Meanwhile,by analyzing the changes in bond prices,credit ratings,implied default rates,Z-value at different time points before default,it is found that credit ratings and other indicators have insufficient warning effectiveness for bond default risks.Among them,the Z-value warning based on financial data has better quality.
credit debtdefault characteristicsrisk early warningZ-value
万方数据
维普
