Consultancy Services for an Independent Issuer and Debt Instrument Credit Rating

Agency: UNDP | Reference: UNDP-KEN-00794 | Type: Request for proposal The main objective of the assignment is to deliver an independent issuer credit rating and proposed debt instrument rating, supported by transparent methodologies.The rating agency shall apply its disclosed and consistently implemented corporate and debt instrument credit rating methodologies, relevant regulatory requirements and recognized credit rating governance practices. As applicable, the assessment shall address:Corporate issuer rating criteria, including business risk, financial risk, liquidity and management/governance factors.Debt instrument rating criteria, including seniority, security, structural features, recovery considerations and any applicable credit enhancement.Applicable Capital Markets Authority of Kenya requirements, NSE rules/guidance and other Kenyan laws, regulations and disclosure requirements.Relevant rating-agency registration, licensing or recognition requirements applicable to the proposed market and distribution of ratings.Recognized standards for rating committee governance, analytical independence, conflicts management, publication and surveillance.Any other rating criteria considered material by the agency, with the relevance clearly explained.The final rating reports shall identify the rating class (issuer and/or issue), national or international scale, rating symbol and definitions, outlook/watch status where applicable, principal rating drivers, key assumptions, sensitivities, rating triggers, relevant criteria and any limitations. Agencies may present analytical factors in accordance with their own published methodologies; no specific scorecard, weights or factor taxonomy is prescribed.Please indicate whether you intend to submit a bid by creating a draft response without submitting directly in the system. This will enable the system to send notifications in case of amendments of the tender requirements. Should you require further clarifications, kindly communicate using the messaging functionality in the system. Offers must be submitted directly in the system following this link:http://supplier.quantum.partneragencies.orgusing the profile you may have in the portal. In case you have never registered before, you can register a profile using the registration link shared via the procurement notice and following the instructions in guides available in UNDP website:https://www.undp.org/procurement/business/resources-for-bidders.Do not create a new profile if you already have one. Use the forgotten password feature in case you do not remember the password or the username from previous registration.Search for the specific tender using search filters and subscribe to the tender in order to get notifications in case of amendments of the tender document. If you need support with the online system, you can contact the contact details of this tender as indicated in the solicitation document.UNDP Kenya Country OfficeProcurement Unit CONTACT: • Email: undp.kenya.procurement@undp.org