As demand continues to grow for independent analysis of sustainable financing frameworks, Moody’s is here to support you. Our market-innovating Second Party Opinions (SPOs) of green, social, sustainability and sustainability-linked bonds and loans bring clarity to the sustainability impact of financing frameworks and instruments and their alignment to market standards. SPOs help issuers communicate their sustainability objectives with key stakeholders, and may facilitate customers’ access to capital.

Click here to access all publicly available SPOs published since October 2022

Click here to a view a selection of SPOs published prior to October 2022

EXPLORE THE BENEFITS OF A

Public Credit Rating

May improve financing execution via enhanced issuer liquidity and funding options in capital markets
Support your finance strategy
May attract and access funding from responsible investors
Diversify and extend your investor base
May result in attractive funding costs, improved deal execution and increased subscription levels
Provides an independent indicator evaluation of an issuer's credit quality
Communicate your sustainability development and initiatives
Strengthen corporate sustainability initiatives
Demonstrate your project's contribution to sustainability, your commitment to innovation and sustainable development
Assess how proceeds of bonds and loans contribute and align to sustainability principles
Provides market participants with an independent assessment against which to compare creditworthiness
Increase transparency with market participants
Allows you to clearly demonstrate a transaction’s sustainability value among investors, regulators and peers 
Provide visibility to investors and lenders on reporting of your instrument and financing framework
Provides granular insight into credit quality at the instrument level
FEATURES
Definitive public credit rating
Rating is subject to ongoing monitoring
Full detailed analysis undertaken by Moody’s lead analyst and rating outcome is concluded via rating committee
Typical uses

An entity seeking access to the capital markets for its financing needs

An entity wishing to demonstrate its credit strength publicly for comparison and commercial acitvity purposes

Analytical Coverage
For rated organizations, typically the lead analyst will conduct the RAS analysis
For unrated organizations, a lead analyst will be determined based on sector experience and analytical availability
RAS outcomes are determined by a RAS committee