Credit Rating Agency Licenses
Reference ocds-b5fd17-14e4db25-d95b-4cee-9d3a-36370cabe8f6 · Ofgem
Awarded to Moody's Analytics UK Limited and 1 other. Estimated value: £149,552.
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Amounts and figures
Description
Ofgem requires two rating agencies provide independent analysis of the credit worthiness of the companies that Ofgem regulate. The licences include the requirement to maintain an investment grade rating from one of these agencies and this requirement forms a cornerstone of delivering a financial resilient sector for the benefit of consumers. Access to the credit rating agencies will enable Ofgem to: - Access independent analysis on the credit worthiness of companies Ofgem regulate principally the regulated networks. This facilitates Ofgem's management and monitoring of financial resilience which is central to the consumer interest. - Conduct monitoring to ensure that licensees meet and are likely to continue to meet licence obligations. - Provide insight into investor perceptions of risk in the areas Ofgem regulate and monitor wider trends in credit risk perception and investor confidence in other analogous sectors. - Use credit opinions and other information provided by the agencies to help conduct Ofgem's regulatory duties (finance ability assessments) and enhance the regulatory regime. - To be able to speak to analysts on their reports and view of the credit profile of cli…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Moody's Analytics UK Limited | £79,913 | 10 September 2024 |
| S&P GLOBAL LIMITED | — | 10 September 2024 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 05964db5-4f77-4bbc-ac28-bca0f7c89f1a-786596 | 18 September 2024 |
| Contracts Finder | 05964db5-4f77-4bbc-ac28-bca0f7c89f1a-786596 | 18 September 2024 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 1 January 2024. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £149,552.
- Who is the buyer of this tender?
- The contracting authority is Ofgem (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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