A02.13 Purchase Description - Credit Ratings Agency Subscription - Fitch dated 2025.08.08.docx
DOCX document 32 KB Posted
- Solicitation number
- W912HQ25S0054
About this file
This document is a Purchase Description for a Nationally Recognized Statistics Rating Organization (NRSRO) subscription from Fitch Ratings. The U.S. Army Corps of Engineers' Water Infrastructure Financing Program (CWIFP) requires a subscription to Fitch Ratings PRO for critical financial analysis and credit risk assessment of municipal borrowers. The procurement includes a base year and four option years, with two user accounts, to support CWIFP's due diligence process for evaluating borrower creditworthiness and loan risk.
The solicitation (W912HQ25S0054) is a single-source contract intended to be awarded directly to Fitch Ratings, Inc. under special notice provisions. The contract will be firm fixed price, with electronic delivery of user accounts to Katherine Jarl at katherine.k.jarl@usace.army.mil. The period of performance includes a 12-month base year followed by four consecutive 12-month option years. Key government points of contact are Katherine Jarl (Sr. Program Manager) and David Kaplan (Contracting Officer) from the Humphreys Engineer Center Support Activity.
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| File | Type | Posted |
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| A02.14 SSJ under the SAT - Credit Rating Agency Subscription - Fitch - SAM.docx | DOCX document |
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Purchase Description Nationally Recognized Statistics Rating Organization Fitch Ratings PRO Date: 08 AUG 2025
1. Description & Purpose: The Corps Water Infrastructure Financing Program (CWIFP) must purchase subscription services for financial analysis on the credit ratings of its prospective borrowers. CWIFP requires borrowers to submit a preliminary rating opinion letter from a Nationally Recognized Statistics Rating Organization (NRSRO), and prior to loan execution, the borrower must submit one final rating opinion letter. These ratings assess the borrower’s overall creditworthiness and indicate the level of risk to the government for entering into a loan agreement with the borrower. CWIFP’s primary applicants will be municipal borrowers.
CWIFP is requesting to purchase a subscription to Fitch Ratings PRO (2 users), which provides in-depth analysis and research on the creditworthiness, financial health, and credit risk assessments of entities rated by Fitch along with sector trends and market developments.
2. Scope: Access to Fitch’s analysis is critical to CWIFP’s due diligence process for evaluating borrower credit risk and negotiating security structures and loan terms to mitigate identified risks. Without access to this platform, CWIFP will be negatively impacted as critical financing decisions will not be made in a timely manner, delaying loan execution while also causing increased risk to the government and taxpayers.
3. Item Description and User Quantities:
| # |
| Description |
| Users |
| 1.0 |
| Fitch Ratings PRO – Base Yr |
| 2 |
| 2.0 |
| Fitch Ratings PRO – Option Yr 1 |
| 2 |
| 3.0 |
| Fitch Ratings PRO – Option Yr 2 |
| 2 |
| 4.0 |
| Fitch Ratings PRO – Option Yr 3 |
| 2 |
| 5.0 |
| Fitch Ratings PRO – Option Yr 4 |
| 2 |
4. Delivery:
a. All items shall be delivered in electronic form and delivered to the following email address: katherine.k.jarl@usace.army.mil
No shipping costs are required for delivery.
b. The end user Point of Contact for these user accounts is:
Attn: Katherine Jarl Work Cell: (703) 342-9461
5. Place of Performance: Users will be designated based on number of purchased user accounts and will access remotely from government assigned laptops.
6. Period of Performance: The Period of Performances is listed below.
Base year: 12 months from date of award of the contract.
Option year 1: 12 months from Base year end date.
Option year 2: 12 months from Option year 1 end date.
Option year 3: 12 months from Option year 2 end date.
Option year 4: 12 months from Option year 3 end date.
7. Government POC’s: Questions about this order shall be directed to the Government Points of Contact listed below:
USACE POCs:
· Katherine Jarl, Corps Water Infrastructure Financing Program, Sr. Program Manager, (703) 342-9461, katherine.k.jarl@usace.army.mil
· David Kaplan, Humphreys Engineer Center Support Activity, Contracting Officer, (703) 428-8487, david.a.kaplan@usace.army.mil
File details come from the government source that posted it. Updated .