Comprehensive Investment-Grade Bond Rating.pdf
PDF 118 KB Posted
- Solicitation number
- SS-14183
- Issued by
- Leon County, Florida
About this file
This document is a Description of Intended Single Source Purchase from Citizens Property Insurance Corporation, posted in accordance with Florida Statutes. The document outlines a single-source procurement for Comprehensive Investment-Grade Bond Rating Services from S&P Global Market Intelligence, with a contract term of 36 months and an estimated value of $297,000.00. The procurement is set to be posted from October 21, 2025, with the last day for receipt of information on November 12, 2025, at 5:00 PM ET. The services will be procured on an "as needed" basis and focus on providing independent, in-depth credit ratings and market analysis for investment-grade bonds issued by governments and multinational corporations.
Citizens' investment policies specifically require securities to be rated by Nationally Recognized Statistical Rating Organizations (NRSROs), including S&P, Moody's, and Fitch. The justification for selecting S&P as the single source emphasizes the company's unparalleled market reach, influence, and the critical nature of its credit ratings in bond market participation. S&P's proprietary methodologies, forward-looking analytics, and sector-specific expertise are highlighted as key differentiators that make their services effectively non-substitutable. The document invites prospective vendors to provide information about their ability to supply the described services, with Citizens reserving the right to determine if the services are available from a single source.
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. DESCRIPTION OF INTENDED SINGLE SOURCE PURCHASE
SINGLE SOURCE PURCHASE NO. SS25-2005
COMPREHENSIVE INVESTMENT-GRADE BOND RATING SERVICES
TITLE: Comprehensive Investment-Grade Bond Rating Services
CONTACT: procurement@citizensfla.com
DATE POSTED: October 21, 2025
LAST DAY FOR RECIEPT OF INFORMATION: November 12, 2025, at 5:00PM ET
This description of commodities or contractual services, intended for purchase from a single source, is posted in accordance with Sections 627.351(6)(e) and 287.057(3)(c), Florida Statutes, and will remain posted for a period of at least 15 business days.
COMMODITY OR CONTRACTUAL SERVICE REQUIRED: Comprehensive investment grade bond rating services and market analysis for government and multinationals.
PERFORMANCE AND/OR DESIGN REQUIREMENTS: S&P Global provides independent, in-depth credit ratings and market analysis for investment-grade bonds issued by governments and multinational corporations. These services assess the financial strength, creditworthiness, and repayment capacity of issuers, helping investors gauge risk and make informed decisions. By combining rigorous credit methodologies with forward-looking market insights, S&P offers transparent evaluations that enhance confidence in both domestic and international capital markets. For governments and multinational issuers, these ratings are critical to maintaining access to global funding at favorable terms, while investors benefit from clear, consistent benchmarks of credit quality and market stability.
QUANTITY: As needed.
TERM: 36 months
INTENDED SINGLE SOURCE: S&P Global Market Intelligence
ESTIMATED DOLLAR AMOUNT: Approximately $297,000.00
JUSTIFICATION FOR SINGLE SOURCE PURCHASE: Citizens’ investment policies specify that securities must be rated by one or more of the following Nationally Recognized Statistical Rating Organizations (NRSROs): S&P, Moody’s, and/or Fitch and are explicitly named within the policy.
Among these, S&P offers unparalleled market reach and influence. Its credit ratings are often required, or strongly preferred, by investors as a condition for bond market participation, making them effectively non-substitutable in many transactions. Leveraging proprietary methodologies, forward-looking analytics, and sector-specific expertise, S&P delivers credit evaluations with consistency and transparency that other agencies cannot fully replicate. As a result, S&P Global Ratings stands alone in its ability to provide the essential combination of market credibility, benchmark-standard ratings, and comprehensive investment-grade bond analysis needed by government and multinational issuers.
REQUESTOR: Financial Services mailto:procurement@citizensfla.com
Prospective vendors are requested to provide information regarding their ability to supply the commodities or contractual services described. If it is determined in writing by Citizens, after reviewing any information received from prospective vendors, that the commodities or contractual services are available only from a single source, Citizens will provide notice of its intended decision to enter a single-source purchase contract in the manner specified in section 627.351(6), Florida Statutes.
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