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Credit Rating and Analytical Services

Sovereign Network Group

This public procurement record has 2 releases in its history.

Award

14 Nov 2025 at 16:01

UK6 - Contract Award Notice
Award

14 Oct 2025 at 13:35

UK5 - Transparency Notice
Summary of the contracting process

The procurement process initiated by Sovereign Network Group involves the awarding of a contract titled "Credit Rating and Analytical Services" within the services industry category. The contract was directly awarded to S&P Global Ratings UK Limited, reflecting a strategic engagement due to S&P's exclusive eligibility to provide a public listed rating for Sovereign's EMTN programme. The procurement stage is in the Award phase, with the contract having been signed and starting on 15th November 2025, and ending on 31st March 2026. This process, classified under the public authority sub-central government sector, involves multiple delivery locations across various UK regions such as UKC, UKD, UKE, UKF, and more, providing ample coverage across the country.

This tender provides significant opportunities for growth, particularly for businesses specialising in financial consultancy and services related to credit rating analysis. A direct award procurement method underscores the potential for companies already established or looking to establish niche service offerings within the credit rating and financial analysis sectors. Companies similar in scale and capacity to S&P Global Ratings, particularly those who can leverage proprietary methodologies or have unique technical competencies, stand to benefit greatly from understanding such procurement opportunities in the public sector domain.

How relevant is this notice?

Notice Information

Notice Title

Credit Rating and Analytical Services

Notice Description

To provide a Credit Rating for our debut drawdown issuance under the EMTN programme

Procurement Information

S&P rate the programme and are engaged to provide a public listed rating for SNG (formally SHA) therefore were the only eligible rating agency to rate the transaction

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05cc44
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/074131-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£190,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Nov 20259 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
14 Oct 202510 months ago
Contract Period
15 Nov 2025 - 31 Mar 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Sovereign Network Group
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BASINGSTOKE
Postcode
RG21 4FA
Postcode Area
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ37 North Hampshire
Delivery Location
Not specified
Local Authority
Basingstoke and Deane
Electoral Ward
Eastrop & Grove
Westminster Constituency
Basingstoke

Supplier Information

Number of Suppliers
1
Supplier Name

S&P Global Ratings UK Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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