CRA Global Development spearheaded a groundbreaking global initiative commissioned by the International Finance Corporation (IFC), part of the World Bank Group, to address the critical challenges surrounding SME credit ratings in emerging markets. As the sole private-sector advisory firm for this project, we delivered innovative research and actionable solutions that laid the foundation for developing comprehensive SME credit rating ecosystems. This initiative aimed to bridge the financing gap for small and medium enterprises (SMEs), which are vital to economic growth and employment but often face barriers in accessing credit. Our work encompassed extensive research and stakeholder engagement across 37 countries, involving ministries, central banks, credit rating agencies, stock exchanges, and financial institutions. The engagement provided key insights into the demand, viability, and impact of SME credit ratings. We conducted a detailed survey of rated SMEs from as far out as Trinidad & Tobago to Bangladesh, shedding light on their needs and the systemic barriers they face. This was complemented by our development of scalable models for both private and public sector SME credit rating agencies, including recommendations for hybrid ownership structures, investor-pays models, and their integration into alternative financing channels. The project also featured the creation of a specialized app to facilitate data collection, connect SMEs with credit rating agencies, and serve as a knowledge hub for stakeholders. This technological innovation played a pivotal role in supporting the project’s objectives. Our recommendations to regulators, governments, and financial institutions focused on fostering SME credit rating ecosystems and enhancing regulatory consistency across markets. CRA Global Development proposed a three-tiered strategy for expanding the reach and utility of SME credit ratings. This included developing private-sector credit rating agencies in emerging financial markets, establishing public-sector models akin to Banque De France, and integrating SME ratings into alternative financing mechanisms such as securitized loan pools, structured notes, and equity exchanges. These strategies not only addressed immediate challenges but also provided sustainable pathways for improving SME access to finance. The project’s outcomes have influenced policies and operational practices in emerging markets, contributing to tangible improvements in SME financing ecosystems. CRA Global Development’s leadership in this initiative underscores our position as a global thought leader and trusted advisor in financial market innovation, SME development, and credit rating solutions.