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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

Rating Assessment Service

Helps organizations understand how a Moody's RAS committee assesses the hypothetical scenarios’ provided, the potential credit effects and rating implications
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 rating level feedback, which the organization may determine to use in the formulation of internal capital plans, potential M&A, and/or funding strategies
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
Available to organizations with or without ratings from Moody's
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
FEATURES
Point-in-time assessment with a confidential outcome
RAS is delivered to an issuer via verbal and written feedback (confidential letter)
Standard RAS evaluates up to six scenarios over a maximum of three RAS committees. Note: MIS will not construct or assist in constructing scenarios.
The RAS outcome for unrated organizations (RAS Unrated) may be shared with third parties through a secure dataroom (Intralinks), subject to jurisdictional limitations.
Typical uses

Mergers & Acquisitions

Spin-offs

Recapitalizations

Share buybacks

Significant leveraging events

Potential strategic opportunities / Joint ventures

Dividends to sponsor / owner

Project finance asset sales / Purchases

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

Note: Rating Assessments are not equivalent to and do not represent traditional Moody’s credit ratings nor any guarantee or indication that a credit rating or rating level may be obtained in the future.

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