SMBC provides full support throughout the credit ratings lifecycle – enabling clients to address and benefit from a new rating, or a change in rating, and its effect on funding options, specific transactions and their overall corporate finance strategy.

    • We assess the likely outcome of a credit ratings process to support funding options advice or debt capital raising/ refinancing transactions.
    • We also optimize the execution of private, unrated debt capital raising/ refinancing transactions by assessing and communicating client credit quality to prospective investors and other transaction stakeholders.

    *Debt Capital Market transaction services are offered by SMBC Nikko

    • We support our clients throughout all stages of a ratings process: engaging with agencies, preparing for agency interviews, ensuring all appropriate supporting information and analysis is prepared and presented to agencies in the best possible light, and helping clients communicate ratings results to internal and external stakeholders.
    • Across markets, from corporate debt, project finance, hybrids to structured solutions, we structure transactions to optimize credit outcomes.
    • We help clients achieve the right balance between higher credit quality (lower cost of debt) and the increased financial risk, loss of control and higher capital intensity that credit enhancement can require.
    • We conduct scenario analyses: advice on the ratings impacts of business plan changes or proposed transactions such as mergers, acquisitions, carve-outs/ JVs, dividend recaps.