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 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.
S&P Global Platts has initiated a formal consultation regarding the inclusion of WTI Midland crude in the Dated Brent benchmark. This proposal aims to gather market feedback until February 5, 2021. WTI Midland, a light sweet crude with daily exports exceeding 1 million barrels, has become essential for European refiners. The inclusion could enhance the robustness of Dated Brent for years to come. The consultation seeks input on quality premiums and logistical considerations for this potential integration.
Jason Alexander, renowned for his work in cinema and television, will host the 22nd annual Global Energy Awards presented by S&P Global Platts. This event, often dubbed the Oscars of Energy, will take place on December 10, 2020, from 3:00 pm to 5:00 pm ET. This year's awards aim to lift spirits amid the ongoing challenges posed by the coronavirus pandemic, celebrating leadership and innovation in the energy sector. The awards span 21 categories, including Energy Company of the Year and CEO of the Year.
S&P Global Platts has launched renewable diesel values for the Americas, enhancing market transparency as the transportation and refining industries shift to low-carbon fuels. This initiative follows earlier pricing references in Europe for renewable diesel and sustainable aviation fuel. Platts analysis anticipates a significant supply increase, projecting over 3 billion gallons of global renewable diesel by 2023 and 5 billion gallons by 2025, fueled by U.S. federal standards and investment incentives. Daily prices will reflect production costs and environmental credits, starting December 1, 2020.
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