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.
The S&P Global Market Intelligence report highlights a significant decline in U.S. multichannel subscriptions, with a loss of 2.2 million customers in Q2 2020, totaling over 4.2 million in the first half of the year. Traditional services saw an 8.9% annual decline, while virtual services added over 850,000 subscriptions. As of the end of Q2, 87.1 million customers had multichannel subscriptions, indicating a drop in penetration below 60% for traditional services and 67.3% for combined services. The satellite segment led declines, notably at DIRECTV and AT&T.
S&P Global (NYSE: SPGI) announced its plan to redeem all outstanding 4.400% Senior Notes due 2026 following the anticipated closing of its sale of senior notes. The redemption, set for September 12, 2020, will include a make-whole premium plus accrued interest. A tender offer for the 2026 Notes expires on August 14, 2020. The company cautioned that forward-looking statements in the release are subject to risks and uncertainties that could impact actual results, advising caution in reliance on such statements.
The COVID-19 pandemic significantly accelerated digital trends in China, according to Kagan's 2020 Asia Consumer Insights Survey. Conducted in June, the survey showed that 67% of adults increased live TV viewing and 56% watched more OTT video. Social media usage surged, with 66% reporting increased time spent. E-commerce also grew, with 66% shopping online more frequently. Interest in 5G replacement for home internet reached 93%, highlighting a shift towards digital transformation as S&P Global (SPGI) aligns its strategies to meet growing customer expectations.
S&P Global (NYSE: SPGI) has priced a public offering of $600 million in 1.250% senior notes due 2030 and $700 million in 2.300% senior notes due 2060. The 2030 notes have a yield to maturity of 1.302%, while the 2060 notes yield 2.361%. Proceeds will be used primarily to purchase outstanding senior notes due in 2026, 2037, and 2048. The offering's closure is expected on August 13, 2020, and is subject to customary conditions.
S&P Global Ratings' President, John Berisford, will present at the UBS Financial Services Virtual Conference on August 12, 2020, from 10:00 a.m. to 10:40 a.m. EDT. The presentation aims to provide insights, potentially including forward-looking information. A live webcast of the event will be available on S&P Global's Investor Relations website and can be replayed later. The replay will be accessible for one month, ending on September 12, 2020.
S&P Global, a leader in credit ratings and analytics for over 160 years, continues to support capital markets globally.
S&P Global (NYSE: SPGI) has announced a public offering of two tranches of senior notes, subject to market conditions. Goldman Sachs, BofA Securities, J.P. Morgan, and Morgan Stanley will serve as joint book-running managers. The proceeds will primarily fund the purchase of outstanding senior notes due in 2026, 2037, and 2048, as well as related fees. The offering is not contingent on the tender offer's completion. This move is aimed at capital restructuring and efficient debt management.
S&P Global (NYSE: SPGI) announced a cash tender offer for its outstanding Senior Notes: 4.400% due 2026, 6.550% due 2037, and 4.500% due 2048. The tender offer seeks to purchase up to $900 million of the 2026 Notes, $297 million of the 2037 Notes, and $500 million of the 2048 Notes. The expiration time for the offer is set for 5:00 p.m. New York City time on August 14, 2020. Holders of the Notes are encouraged to review the Offer Documents for detailed terms, conditions, and tender procedures.
S&P Dow Jones Indices has completed its seventh annual review of adherence to the IOSCO Principles for Financial Benchmarks. Conducted by an independent firm, the review assesses governance, control frameworks, and operational integrity. CEO Dan Draper emphasized the importance of maintaining high standards of transparency and best practices to foster trust with clients. The results of the review are available on S&P DJI's governance website. S&P DJI, a division of S&P Global (NYSE: SPGI), is recognized as the world's leading index provider.
S&P Global Platts has launched new oil fundamental data APIs through its redesigned Platts Developer Portal, aimed at enhancing access to commodity analytics. This initiative is part of a multi-year strategy to integrate fundamental insights directly into clients' systems. CEO Silvina Aldeco-Martinez emphasized the need for quick data interpretation amid market disruptions. The initial offerings include the World Refinery Database and Platts Oil Inventory, expanding the API capabilities for users. This launch follows other digital enhancements, including the Platts Platform and mobile apps.
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