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Operating the ICR Outlook Discussion - Guidance for Investment-intensive Agencies

Issue date: 
Monday, 8 June 2020
Corporate author: 
Publication category: 
Fiscal year: 

This is an updated set of guidance for investment-intensive agencies who are subject to the Investor Confidence Rating (ICR).

This guidance supports the ICR policy published in Cabinet Office circular CO(19) 6 (the circular) which is available from the Cabinet Office website:

This guidance:

  • should be read by those involved in planning for and advising on an agency’s Investor Confidence Rating and the ICR mid-cycle review
  • outlines how the ICR mid-cycle review and associated Outlook Discussion will operate in practice, and
  • has been written by the Investment Management and Asset Performance team in the Treasury.
Last updated: 
Monday, 8 June 2020