Bond Rating Service

Citizens Property Insurance Corporation (Citizens) is seeking to contract with S&P Global Market Intelligence for comprehensive investment-grade bond rating and market analysis services over a 36-month period from October 2022 to October 2025. This required service is in accordance with Citizens' Financial Services policy. The estimated contract value is $206,800. Citizens requires these services to research the domestic and international bond market in order to provide the best investment and yield data available. S&P Global Market Intelligence has the greatest depth and breadth of bond market research, making them the standard by which governments and multi-national corporations compare bond ratings and overall market risk. Both the Florida Department of Financial Services and the Florida State Board of Administration use S&P Global Market Intelligence exclusively for their bond rating research. Citizens intends to contract with two other service providers to supplement the use of S&P Global, but their bond rating data needs cannot be met without S&P Global.

The contract opportunity is limited to S&P Global Market Intelligence as the sole source for the required level of bond rating data and historical market access. No set-aside designations or restrictions on the type of organization that can respond are mentioned. The incumbent vendor is S&P Global Market Intelligence, as they are the exclusive provider of these services to the Florida Department of Financial Services and the Florida State Board of Administration.