---
title: "Credit Rating Agency Licenses"
ocid: "ocds-b5fd17-14e4db25-d95b-4cee-9d3a-36370cabe8f6"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-14e4db25-d95b-4cee-9d3a-36370cabe8f6"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-14e4db25-d95b-4cee-9d3a-36370cabe8f6.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-14e4db25-d95b-4cee-9d3a-36370cabe8f6.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2024-09-18"
---

# Credit Rating Agency Licenses

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-14e4db25-d95b-4cee-9d3a-36370cabe8f6

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## Summary

Ofgem, the Office of Gas and Electricity Markets in the UK, sought licenses from two credit rating agencies, Moody's Analytics and S&P Global, for independent analysis of the creditworthiness of regulated companies. This procurement, valued at £149,552.4 and covering the industry category "Software package and information systems" (CPV code: 48000000), proceeded through an open procedure and has been awarded. The contract commenced on 10th September 2024 and will conclude on 7th September 2027. The service will support Ofgem in maintaining the financial resilience of companies it regulates, with operations spanning various locations globally, including the UK, Europe, and other regions.

This tender presents significant growth opportunities, particularly for Small and Medium-sized Enterprises (SMEs) capable of offering financial analysis, regulatory assessments, and premium business intelligence services. Firms skilled in providing software solutions for financial analysis, networking, and license management would find this contract beneficial for expanding their portfolio and enhancing their market reputation. The collaboration with esteemed entities like Moody's Analytics and S&P Global can also foster innovation and improve service offerings by integrating high-standard credit risk assessments and market data analysis into Ofgem's regulatory framework.

## Notice

Ofgem requires two rating agencies provide independent analysis of the credit worthiness of the companies that Ofgem regulate. The licences include the requirement to maintain an investment grade rating from one of these agencies and this requirement forms a cornerstone of delivering a financial resilient sector for the benefit of consumers. Access to the credit rating agencies will enable Ofgem to: - Access independent analysis on the credit worthiness of companies Ofgem regulate principally the regulated networks. This facilitates Ofgem's management and monitoring of financial resilience which is central to the consumer interest. - Conduct monitoring to ensure that licensees meet and are likely to continue to meet licence obligations. - Provide insight into investor perceptions of risk in the areas Ofgem regulate and monitor wider trends in credit risk perception and investor confidence in other analogous sectors. - Use credit opinions and other information provided by the agencies to help conduct Ofgem's regulatory duties (finance ability assessments) and enhance the regulatory regime. - To be able to speak to analysts on their reports and view of the credit profile of clients - Provide access to wider market data helpful for Ofgem's monitoring - Download financial data for presentation in Ofgem internal analysis

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/05964db5-4f77-4bbc-ac28-bca0f7c89f1a |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Sep 2024 |
| Submission deadline | 1 Jan 2024 |
| Future notice date | Not specified |
| Award date | 9 Sep 2024 |
| Contract period | 9 Sep 2024 - 7 Sep 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £149,552 |
| Lots value | Not specified |
| Awards value | £79,912 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | OFGEM |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4PU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | MOODY'S ANALYTICS; S&P GLOBAL |

## CPV Codes

### Divisions

- 48 - Software package and information systems
- 72 - IT services: consulting, software development, Internet and support

### Codes

- 48000000 - Software package and information systems
- 48200000 - Networking, Internet and intranet software package
- 48218000 - License management software package
- 48220000 - Internet and intranet software package
- 48440000 - Financial analysis and accounting software package
- 48441000 - Financial analysis software package
- 48460000 - Analytical, scientific, mathematical or forecasting software package
- 48482000 - Business intelligence software package
- 72212441 - Financial analysis software development services

## Release History

- 18 Sep 2024 at 16:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/05964db5-4f77-4bbc-ac28-bca0f7c89f1a

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/05964db5-4f77-4bbc-ac28-bca0f7c89f1a
  18th September 2024 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=SEP168698
  NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.

## Notice URLs

- http://www.ofgem.gov.uk

## Provenance

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