Take note of the Secretary-General¡¯s efforts to engage with credit rating agencies on their role in sustainable development and request the Secretary-General keep Member States updated on these discussions.

UN entity lead: Department of Economic and Social Affairs

UN entity co-leads: United Nations Conference on Trade and Development

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Milestone 1 | Deadline 30 April 2025

Side event on credit rating agencies held at the Fourth Preparatory Committee for the Fourth International Conference on Financing for Development, advancing discussions with credit rating agencies, investors and regulators on sustainable finance.

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Milestone 2 | Deadline 30 June 2025

Engagement with credit rating agencies reflected in the outcomes of the Fourth International Conference on Financing for Development. Further discussions held in Seville on credit rating agency methodologies and accountability.

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Milestone 3 | Deadline 31 March 2026

Secretary-General presents report on engagement with credit rating agencies, including any recommendations for follow-up.

Credit ratings shape how and where countries can access finance. This action ensures the UN stays engaged with rating agencies, to encourage practices that better support sustainable development and keep Member States informed.