Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. (NYSE: SPGI) is a leading provider of essential financial intelligence, empowering governments, businesses, and individuals with the right data, expertise, and connected technology to make decisions confidently. As the largest of the Big Three credit rating agencies, S&P Global provides a wide array of services including credit ratings, benchmarks, analytics, and workflow solutions that cater to the global capital, commodity, and automotive markets.
S&P Global Ratings is renowned for its financial research and analysis on stocks, bonds, and commodities. This segment remains the largest credit rating agency worldwide and is pivotal to the company’s profitability. Another significant segment, Market Intelligence, offers desktop, data, and advisory solutions, primarily targeting the financial services industry with platforms like Capital IQ Pro. This division was recently bolstered by the acquisition of Visible Alpha, enhancing its investment research and analytics capabilities.
In addition to these core areas, S&P Global encompasses Commodity Insights (including Platts), Mobility (with Carfax), and Indices (featuring the S&P 500® and Dow Jones Industrial Average®). The company's commitment to innovation and market leadership is further demonstrated through its strategic partnerships and acquisitions, such as the integration with CarNow to enhance automotive data analytics and customer engagement.
Recent news highlights include the integration of DigitalOcean Holdings Inc. into the S&P SmallCap 600, the enhanced oil sands production outlook by S&P Global Commodity Insights, and the strategic partnership between automotiveMastermind and CarNow. Moreover, the company's surveys and reports, like the one conducted with AARP on adult caregiving, showcase its role in addressing contemporary societal challenges.
Visit S&P Global for more information on their offerings and insights.
S&P Global Trucost has launched its Paris Alignment dataset on the Market Intelligence Platform, aiding clients in assessing company alignment with the Paris Agreement goals. This dataset covers 1,800 companies and offers tools for tracking energy transitions towards a low-carbon economy. CEO Richard Mattison emphasized its utility in monitoring carbon emissions and identifying necessary reductions to meet climate targets by 2025. The launch is part of S&P Global's continued expansion of Climate and Environmental data.
The latest report from S&P Global Ratings reveals that cash and investments held by U.S. nonfinancial and nonutility firms surged by 30% to a record $2.5 trillion in H1 2020. Concurrently, debt climbed by 9% to $7.8 trillion as companies issued unprecedented amounts to navigate the financial turbulence caused by the COVID-19 pandemic. Analysts predict that the U.S. Federal Reserve's low-interest rates will support future liquidity needs, allowing firms to reevaluate their cash strategies. This situation sets the stage for a potential shift in corporate financial policies depending on post-pandemic recovery.
S&P Dow Jones Indices is updating its market capitalization eligibility criteria for new additions to the S&P Composite 1500 Indices, effective December 8, 2020. The new criteria specify:
- For the S&P 500: minimum market cap of $9.8 billion.
- For the S&P MidCap 400: market cap between $3.2 billion and $9.8 billion.
- For the S&P SmallCap 600: market cap between $700 million and $3.2 billion.
This update reflects overall market conditions and is subject to quarterly review.
S&P Global's CFO, Ewout Steenbergen, will present at the Goldman Sachs U.S. Financial Services Conference on December 8, from 10:40 a.m. to 11:15 a.m. ET. The event will feature a 'fireside chat' format and will be available via a live and replay webcast on the company's Investor Relations website. The replay will be accessible for three months, concluding on March 7, 2021. S&P Global is recognized as a leading provider of credit ratings, benchmarks, and analytics in global markets for over 160 years.
The COVID-19 pandemic will heavily impact global credit conditions in 2021, according to S&P Global Ratings. Despite vaccine optimism, economic recovery will vary worldwide, with a forecasted global GDP growth of 5.0%, down from previous estimates. The U.S. and Europe will see 4.2% and 4.8% growth, respectively, while emerging markets face financial challenges. Credit downgrades are anticipated, with a 36% negative bias among rated entities. Defaults may rise, with speculative-grade default rates expected to hit 9% in the U.S. and 8% in Europe by September 2021.
S&P Dow Jones Indices (S&P DJI) is expanding into the cryptocurrency market through a partnership with Lukka, a crypto asset software and data company. This collaboration will provide S&P DJI-branded cryptocurrency indices and benchmarking solutions, utilizing Lukka's proprietary pricing data. This move aims to meet the growing demand for reliable cryptocurrency benchmarks, promoting transparency and mitigating risks associated with the volatile crypto market. The initiative is seen as a timely response to the rising interest in digital assets.
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