直接移植美国资产证券化完美评级模式的国内资产证券化评级模式，其诸多关键变量都严重缺失，这种现象值得重视。由于目前我国信贷资产证券化的基础资产主要为企业贷款（CLO），占比高达83%，因此，本文主要对CLO的评级方法进行探讨。
China’s asset securitization rating model，which is a copy of the US model，lacks many key variables and more attention should be paid to the problem. Now the main underlying assets of China’s securitized loans are collateralized loan obligations，whose proportion is as high as 83%. This article mainly analyzes the rating methodology of the CLO.
