Credit Rating and Second Party Opinion Services

The City of Cape Town is inviting tenders for credit rating and second party opinion services to ensure compliance with financial regulations and enhance investor confidence. The successful bidder will conduct annual credit ratings, demonstrating the City's ability to meet its financial obligations, and provide second party opinions on sustainability-linked bonds. Tenderers must be registered credit rating agencies recognized by the South African Reserve Bank and have a proven track record in evaluating public sector entities. This tender is ideal for agencies with extensive experience in both local and international markets, capable of delivering detailed assessments that align with the City's sustainability framework and investment strategies.

The contract will last for 36 months, commencing from July 2027, and will involve regular evaluations of the City's creditworthiness, which is essential for its ongoing financial operations. The selected agency will also be required to provide evidence of previous credit ratings and second party opinions, ensuring transparency and reliability in their assessments. This tender represents a significant opportunity for credit rating agencies to engage with a major metropolitan municipality, contributing to the financial stability and growth of the City.