S&P Global Inc. - SPGI STOCK NEWS

S&P Dow Jones Indices and Experian announced the release of the S&P/Experian Consumer Credit Default Indices for October 2021. The composite default rate decreased to 0.38%, down one basis point from September. The bank card default rate fell to 2.01%, a decrease of ten basis points. Conversely, the auto loan default rate increased to 0.38%. The first mortgage default rate also improved, landing at 0.26%. Among major MSAs, Miami witnessed the largest decline in default rates, while Chicago and Dallas saw slight increases.

S&P Global (NYSE: SPGI) announced private exchange offers for eligible holders of IHS Markit Ltd. (NYSE: INFO) notes totaling $4.6 billion. This move is part of a larger strategy tied to a merger agreement initiated on November 29, 2020, where IHS Markit will become a wholly owned subsidiary of S&P Global. The exchange offers include cash and new S&P Global Notes. To enhance conditions for the exchange, S&P Global is soliciting consents for amendments to the indentures related to IHS Markit notes, aiming to eliminate restrictive covenants.

The adoption of Article 6 at COP26 signals significant investment potential in Voluntary Carbon Markets (VCMs), valued over $1 billion and projected to increase rapidly by 2030, according to S&P Global Platts. The new regulations will prevent double-counting of emissions and enhance market credibility. This shift empowers countries producing carbon credits, particularly in the Global South, to manage their offerings and meet national targets. Enhanced price transparency in carbon credits, which surged by 944% in 2021, is also expected to drive financing for climate initiatives.

S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced a proposed agreement with the U.S. Department of Justice that allows their $44 billion merger to proceed. This agreement requires both companies to divest IHS Markit’s Oil Price Information Services, Coal, Metals and Mining, and PetroChem Wire businesses, which have a prior deal to be sold to News Corp. The merger is expected to close in Q1 2022, pending further regulatory approvals.

S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) have reached a proposed agreement with the U.S. Department of Justice, allowing their $44 billion merger to proceed with conditions. The agreement requires the divestiture of IHS Markit's Oil Price Information Services, Coal, Metals and Mining, and PetroChem Wire businesses, previously set to be sold to News Corp. The merger is expected to close in Q1 2022, following final regulatory approvals. Goldman Sachs and Wachtell, Lipton, Rosen & Katz are advising S&P Global, while IHS Markit is represented by Davis Polk & Wardwell LLP.

S&P Global's CFO, Ewout Steenbergen, will participate in the J.P. Morgan Ultimate Services Investor Conference on November 18, 2021, from 1:50 p.m. to 2:20 p.m. EST. The event will be webcast live, with a replay available for 30 days after the presentation. This session may include forward-looking information. S&P Global has also filed important materials with the SEC related to its proposed transaction with IHS Markit, including a registration statement on Form S-4 and a joint proxy statement.

S&P Global's CEO, Douglas L. Peterson, will participate in the virtual Goldman Sachs Carbonomics Conference on November 16, 2021, from 15:45 to 16:15 London GMT. The discussion will be webcast, featuring forward-looking insights. Interested parties can access the live and replay webcast on the Company’s Investor Relations website. Additionally, S&P Global and IHS Markit are involved in an SEC filing process related to a major transaction, urging investors to review pertinent documents.

According to S&P Global Market Intelligence's 2022 Technology, Media, and Telecom (TMT) Outlook, a hybrid return to normalcy is anticipated for film and broadcast advertising, while challenges persist for subscription streaming and traditional pay TV due to ongoing semiconductor supply issues. The report predicts a rebound in the box office exceeding $10 billion and growth in broadband subscriptions driven by government subsidies. However, the semiconductor shortage will continue affecting smartphone and TV shipments, impacting content creation and consumption habits.

Douglas L. Peterson, CEO of S&P Global (NYSE: SPGI), will speak at the RBC Global Technology, Internet, Media, and Telecom Conference on November 16, from 10:40 a.m. to 11:10 a.m. EST. The event will be broadcast live and offers the opportunity to view a replay on the company's Investor Relations website. Importantly, this session may contain forward-looking statements and does not constitute an offer to sell securities. S&P Global has filed relevant materials with the SEC regarding its proposed transaction with IHS Markit.