Seeking FSCA-registered credit rating agencies to provide security-level credit ratings for a period of five years. This tender requires comprehensive coverage across various asset classes and adherence to strict reporting standards.
The South African Special Risks Insurance Association (Sasria SOC Ltd) invites proposals from qualified FSCA-registered credit rating agencies to deliver security-level credit ratings over a five-year term. The selected agency will be responsible for providing instrument-level credit ratings across a range of asset classes, including corporate debt, government bonds, structured products, and money market instruments. This service is crucial for Sasria's investment decision-making, risk management, and regulatory compliance, particularly in meeting IFRS 17 disclosure requirements.
Bidders must demonstrate their capability to deliver timely and accurate ratings, ensuring data integrity and high system uptime. The appointed agency will also be required to provide dedicated support and maintain a minimum coverage of 90% of Sasria's externally managed assets. Proposals should include a comprehensive financial proposal, including an all-inclusive annual fee, and must comply with the specified B-BBEE requirements to promote transformation within the industry. This tender presents an opportunity for agencies to engage in a long-term partnership that supports Sasria's unique mandate in providing special risk cover in South Africa.
This tender is suitable for FSCA-registered credit rating agencies with experience in providing comprehensive credit ratings across multiple asset classes, particularly those with a strong track record in regulatory compliance and risk management.