S&P Global - SPGI STOCK NEWS

S&P Global Platts has launched a suite of 36 new daily prices aimed at reflecting the cost of reducing greenhouse gas emissions through biofuels. These new calculations leverage existing Platts assessments in biofuels, refined products, and carbon credit markets, providing vital insights for traders and policymakers. The pricing structure includes spreads between various fuels, values per point of carbon intensity under California's Low Carbon Fuel Standard, and calculated costs under Europe's Renewable Energy Directive. This initiative supports the transition to lower-carbon energy sources.

S&P Global (NYSE: SPGI) will have its CIO, Swamy Kocherlakota, present at the Deutsche Bank Technology Conference on September 9, 2021, from 4:30 p.m. to 5:00 p.m. EDT. This presentation will be streamed live as a webcast and may cover forward-looking information. The replay will be available for 90 days post-event. Furthermore, S&P Global has filed relevant documents with the SEC regarding its proposed transaction with IHS Markit, including a registration statement and proxy statements, which investors are encouraged to review.

S&P Global Ratings has enhanced its partnership with Guidewire Software to integrate cyber risk insights into credit evaluation processes. The collaboration aims to address escalating cyber threats that have become a critical concern for businesses globally, especially following increased digitalization due to the pandemic. S&P Global noted a significant rise in credit-relevant cyber events over the past six months. This partnership will leverage Guidewire Cyence™ Risk Analytics to quantify the financial impact of cyber risks, supporting product development and enhancing transparency in risk reporting.

In Q2 2021, U.S. traditional multichannel video service losses improved slightly, with a reduction to 1.5 million compared to the previous year, according to Kagan, part of S&P Global Market Intelligence. The total multichannel households reached 83.1 million, comprising 64.3% of occupied households. Virtual multichannel services saw a 0.7% increase in subscribers, totaling 13 million customers. Cable saw its largest six-month decline on record, while satellite subscriptions fell to 20.5 million, reflecting a 39% decrease from 2014.

S&P Global Platts has launched six new CARBEX carbon credit indices in partnership with Viridios AI as of August 23, 2021. These indices aim to enhance market transparency for voluntary carbon credits while promoting sustainable development.

Specifically, the indices cover projects related to household devices, soil management, ecosystem creation, and protection while meeting various Sustainable Development Goals. The AI-driven indices will provide market participants with daily carbon index prices, reflecting intricate relationships within the carbon market.

According to a recent report from Kagan, a part of S&P Global Market Intelligence, U.S. broadband demand remains strong, with 945,000 new wireline subscribers added in Q2 2021. This figure, though lower than the previous year's boom, surpasses 2019 levels. Total broadband subscribers exceeded 109.2 million, marking a 4.3% annual increase. Cable providers contributed significantly, accounting for 96% of new broadband customers this year. Despite some losses in satellite broadband subscribers, the report indicates a shift towards fiber-to-the-home (FTTH) upgrades.

S&P Dow Jones Indices and Experian reported consumer credit default rates through July 2021, revealing a slight decline in the composite rate to 0.40%, marking the fourth consecutive decrease. The bank card default rate fell to 2.51%, while both the auto loan and first mortgage default rates saw minor increases. Notably, three out of five major metropolitan areas recorded lower default rates. The indices provide insights into loan performance across key categories, indicating a stabilizing trend in consumer credit health.

S&P Global Platts announced the launch of the first suite of hydrogen price assessments for Australia, effective August 16, 2021. This initiative aims to enhance market transparency regarding hydrogen production costs, catering to increased interest from investors and policymakers. The assessments include 128 price evaluations across six states, with prices ranging from $1.509/kg to $4.409/kg. Comparatively, these prices are lower than those in Japan and the Netherlands, establishing Australia as a crucial hub for future hydrogen production.