Schemes and Initiatives
Published Date: 31 May 2019

SGD Credit Rating Grant Scheme

Credit ratings improve market transparency by providing timely and independent assessments of the credit worthiness of bond issuers. It is thus important for the development of the domestic bond market that more issuers rate their bonds. The SGD Credit Rating Grant Scheme was established to encourage bond issuers to obtain credit ratings, by offsetting a large part of the credit rating expenses.

The scheme is valid till 31 March 2022.

Who can Apply

Unrated companies and non-bank financial institutions who intend to obtain credit ratings and issue rated SGD bonds.

How to Apply

Interested parties can write to for more information.

Applicants of SGD Credit Rating Grant should submit their applications no later than 3 months after the issue date.