Comprehensive Investment Grade Bond Rating Services

Citizens Property Insurance Corporation is seeking comprehensive investment-grade bond rating services through a single-source procurement process in Leon County, Florida. The procurement targets Comprehensive Investment-Grade Bond Rating Services from S&P Global Market Intelligence, with a specific focus on providing independent, in-depth credit ratings and market analysis for investment-grade bonds issued by governments and multinational corporations. The contract is set for a 36-month term, with a procurement timeline running from October 21, 2025, to November 12, 2025, with the final day for receipt of information at 5:00 PM ET. The services will be procured on an "as needed" basis, with a critical requirement that the selected provider be a Nationally Recognized Statistical Rating Organization (NRSRO). Key objectives include delivering proprietary methodologies, forward-looking analytics, and sector-specific expertise in bond market credit ratings. Evaluation criteria emphasize the vendor's market reach, analytical capabilities, and ability to meet Citizens' specific investment policy requirements for securities ratings.

The procurement appears to be a non-restricted opportunity without explicit set-aside designations for disadvantaged enterprises. S&P Global Market Intelligence is the sole recommended vendor, with the procurement document highlighting their unique market position and effectively non-substitutable services. The estimated contract value is $297,000.00, which will cover the comprehensive rating services over the 36-month contract period. Citizens Property Insurance Corporation's investment policies specifically require ratings from established NRSROs like S&P, Moody's, and Fitch, though this particular procurement focuses exclusively on S&P. The procurement process invites potential vendors to demonstrate their capability to supply the described services, with Citizens retaining the right to determine single-source appropriateness. The services will be integrated into the organization's existing investment and risk management infrastructure, supporting their need for high-quality, independent bond market intelligence and credit ratings.