Sme Rating Services for Enhanced Access to Finance and Capital Markets Tender, USA - 121858910

Procurement Summary

Country : USA

Summary : Sme Rating Services for Enhanced Access to Finance and Capital Markets

Deadline : 16 Jul 2025

Other Information

Notice Type : Tender

TOT Ref.No.: 121858910

Document Ref. No. : 0002017200

Financier : World Bank (WB)

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

TheInternational Finance Corporation (IFC), a member of the World Bank Group, isseeking to engage a recognized rating agency to support the development ofcredit ratings for Small and Medium Enterprises (SMEs) in select countrieswithin its Europe region of operations. The objective of this engagement is toincrease the access of SMEs to finance—particularly from debt funds andstructured (and unstructured) SME facilities—and to facilitate their entry intocapital markets over time. Thisinitiative is part of IFC-s broader strategy to deepen local capital markets, support financial inclusion, and mobilize institutional capital toward the SMEsegment, which is often underserved due to a lack of transparent credit riskassessments. Objective of the Assignment Theprimary objective is to provide reliable, standardized, and transparent SMEcredit ratings in select countries in IFC Europe-s region. The ratings will beused by debt funds, financial institutions, and other market participants toassess creditworthiness, price risk appropriately, and build scalableinvestment vehicles. The initial focus countries will include Poland and up tothree additional countries to be identified based on demand and marketreadiness. Scope of Work Theselected rating agency will: Apply a robust methodology for assessing the credit risk of SMEs in alignment with best practices and regulatory standards; Provide credit ratings for SMEs (number, size, countries and sector to be determined with IFC and local partners); Support awareness-raising and capacity building for SMEs, financial institutions and other relevant stakeholders on the use and interpretation of credit ratings; Ensure rating outputs are accessible and useful to both local and international investors; Adapt methodologies where necessary to local data availability, legal and regulatory context, sectors and market maturity; Whereapplicable, contribute to public-private dialogue on SME transparency, creditdata infrastructure, and capital marke...

Documents

 Tender Notice

Terms-of-Reference-hiring-of-the-rating-agency.docx