S&P Global Inc. - SPGI STOCK NEWS

S&P Global Market Intelligence has integrated equity research from Credit Suisse into its platform, enhancing its Aftermarket Research offerings. Credit Suisse, with over 200 analysts covering 2,700 companies globally, joins leading banks like JP Morgan and UBS. This collaboration aims to provide clients with high-quality insights to navigate market dynamics.

JP O'Sullivan emphasizes the value this addition brings to clients, while Stan Lantsman highlights the growing demand for top-tier research. The Aftermarket Research collection has expanded significantly in 2020, adding over 30 contributors.

S&P Dow Jones Indices and Experian reported a decline in consumer credit defaults for June 2020. The composite rate decreased by 12 basis points to 0.66%, with notable drops in various categories: bank card default rates fell by 17 basis points to 4.23%, auto loan defaults dropped 16 basis points to 0.40%, and first mortgage defaults decreased by 11 basis points to 0.41%. Four of five major metropolitan areas saw lower default rates, led by Chicago (0.69%) and Dallas (0.66%). Overall, these trends indicate improving consumer credit health.

S&P Global Market Intelligence has launched S&P Global RiskGauge Reports, a new credit analytics tool providing detailed credit risk insights for over 50 million public and private companies. This offering focuses on small and medium enterprises (SMEs), crucial for economic recovery post-COVID-19. The reports include innovative datasets and improved scores, like the RiskGauge Score, and tools such as PaySense for assessing trade payment behavior. This initiative aims to bridge data gaps, supporting informed decision-making for clients globally.

S&P Global Platts released a research paper titled Yields vs. sulphur: What is driving crude benchmarks in 2020?, which evaluates the global crude oil benchmarks amidst high market volatility caused by COVID-19. The study emphasizes the importance of robust benchmarks like Dubai and Oman, detailing their adaptability in changing market conditions. It highlights how Murban crude has benefited refiners in Asia despite price controls in China. The report suggests a shift in market focus from sulfur content to yield as essential for benchmark relevance.

In Q2 2020, U.S. broadcast station M&A volume reached $90.9 million, marking the sector's lowest quarterly activity since 1983. The deal market faced a significant downturn due to the COVID-19 crisis, with the largest deal, valued at $49 million, occurring on April 3. Notably, transactions diminished in quantity, with only a handful exceeding $1 million. The radio market reported minimal activity, with expectations of increased exits among small station owners amid ongoing challenges. A recovery in larger transactions is anticipated post-November 2020 elections.

S&P Global (NYSE: SPGI) announced it will release its second quarter 2020 financial results on July 28, 2020, at approximately 7:15 a.m. EDT. President and CEO Douglas L. Peterson, along with CFO Ewout Steenbergen, will host a conference call at 8:30 a.m. EDT on the same day to discuss the results. Investors can access the release and the call via the company's Investor Relations website. Additional information and archived material will be available for one year post-call.

Hydro, a global aluminum company, has achieved a remarkable feat at the S&P Global Platts Global Metals Awards, winning Metals Company of the Year, Aluminum Industry Leadership, and Breakthrough Solution of the Year. The awards recognize Hydro's sustainability efforts and effective recovery from a cyber-attack in 2019. Celebrated during a virtual event, winners were drawn from 96 finalists across 23 countries. Martin Fraenkel, president of S&P Global Platts, commended Hydro's contributions to the metals industry's resilience amid market changes.

S&P Global Platts announced the launch of new price assessments for recycled polyethylene terephthalate (R-PET) in Southeast Asia as of June 30, 2020. This launch aims to address the growing demand for transparency in the recycled plastics market, reflecting a quality specification of recycled PET flakes. The assessments will support market participants by providing independent pricing insights, which are crucial for informed trading decisions. This move complements existing assessments in Europe and the US, highlighting the increasing market activity in the region amidst rising environmental concerns.