Financial Data Including Credit Ratings of Economic Operators

The Directorate E of the DG for Budget (DG BUDG.E) of the European Commission (EC) is in charge of the asset management of the multiple guarantee funds, competitions fines and the off-budget assets for other EC services and other EU institutions.

In that context, it closely monitors financial risks associated with the asset management activities of the directorate, ensures reporting on the risks and performance; monitors the asset management activities outsourced to third parties and develops risk management systems and processes.

In order to ensure that the EC fulfils its obligations, DG BUDG.E needs to access the ratings and financial research services.

Financial data including credit ratings of economic operators.

Pursuant to Article 164(5)(f) FR, the use of a negotiated procedure without prior publication of a contract notice, in the clearly defined exceptional circumstances set out in Annex I (point 11.1) FR is proposed: ‘where the works, supplies or services can only be provided by a single economic operator under the conditions set out in point 11.3 and for any of the following reasons: [...] (ii) competition is absent for technical reasons’. This provision concerns the exceptional situation where there is only one particular service provider, when no reasonable alternative or substitute exists and the absence of competition is not the result of an artificial narrowing down of the parameters when defining the procurement. The services required by the EC can only be provided by Moody’s Analytics UK Limited. The Commission needs to access these services that can be provided only by a single operator in the situation laid down under point 11.1 of Annex I FR.

Financial Data Including Credit Ratings of Economic Operators

The date indicated in Section V.2.1) is the date of the award decision. The contract has not been signed yet.

Within two months of the notification of the award decision, an appeal may be lodged to the review body in Section VI.4.1). You may submit any observations concerning the award procedure to the contracting authority indicated in Section I.1). If you believe that there was maladministration, you may lodge a complaint to the European Ombudsman within two years of the date when you became aware of the facts on which the complaint is based. Such complaint does not have as an effect either to suspend the time-limit to launch an appeal or to open a new period for lodging an appeal.