Nationalised lender Anglo Irish Bank is tendering for the supply of ratings agency services to assess the risks associated with treasury assets.

While the bank is in receipt of credit research from three agencies, it is changing its requirement to two, as “it is envisaged the level of credit research requirements going forward will be considerably lower than historic volumes”.

The one-year contracts can be amended or withdrawn in the event of a reorganisation of the business or legal structure of Anglo, which results in the division of Anglo’s business between two or more corporate bodies, the bank said.