We collaborated with the International Finance Corporation (IFC) on a pioneering project to explore how SME credit ratings can be more effectively utilized within financial markets and alternative lending structures. Our work focused on developing solutions that integrate SME ratings into diverse financial instruments and market mechanisms, broadening the range of funding opportunities available to small and medium-sized enterprises. Specifically, we examined the role of SME credit ratings in structuring asset-backed SME loan pools and covered bonds, as well as their potential application in creating SME-focused bond markets and capital issuances. Our research extended to private credit markets, exploring innovative ways to incorporate SME ratings into bespoke lending products tailored for this segment. Additionally, we analyzed the feasibility of utilizing SME ratings in equity exchanges, emphasizing their role in improving transparency and investor confidence in SME-backed securities. Drawing from global best practices and market insights, we developed comprehensive strategies for enhancing the adoption and impact of SME credit ratings within these financial instruments. This project not only highlighted the value of credit ratings in unlocking new avenues for SME financing but also provided actionable recommendations to bridge gaps in market accessibility. By addressing key challenges and presenting practical solutions, we successfully completed the assignment, delivering a roadmap that aligns SME credit ratings with the evolving needs of financial markets and alternative lending platforms.