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 and Experian reported a decrease in consumer credit defaults for November 2020. The composite default rate fell by 7 basis points to 0.46%. The bank card default rate decreased by 24 basis points to 2.56%, while the auto loan rate rose by 5 basis points to 0.64%. First mortgage defaults dropped 7 basis points to 0.28%. Additionally, all five major metropolitan areas showed lower default rates, with Miami experiencing the most significant decline, down 27 basis points to 0.86%.
On December 14, 2020, S&P Global Platts released its 2021 energy outlook, projecting a recovery in global GDP and oil demand. Despite optimism from vaccine developments, short-term challenges persist due to renewed lockdowns in the US and Europe, which will suppress gasoline demand. Oil demand is expected to rebound by over 6 million barrels per day, yet remain below 2019 levels. Key highlights include OPEC+'s influence on oil supply, refining challenges, and the potential for volatility in petrochemicals and natural gas markets. Renewables are anticipated to grow, putting further pressure on fossil fuel demand.
On December 11, 2020, NextEra Energy received the prestigious Energy Transition Award from S&P Global Platts, recognizing its leadership in ESG (Environmental, Social, and Governance). The award highlights NextEra's achievements in renewable energy, including contracts for 12,000 MW of wind, solar, and battery storage projects. The company aims to reduce emissions per unit of generation by 67% by 2025, while already generating over 50% of its power from low-emission sources. The award underscores NextEra's commitment to sustainable energy solutions.
S&P Global Platts announced the first LNG futures contract trade settled against its West India Marker (WIM) price assessment, marking a significant milestone for the Indian LNG market. The deal, executed between Glencore and Total, is expected to enhance transparency and tradability in the rapidly evolving LNG sector. The contract will be financially settled against the February average of the WIM LNG price assessment, which reflects cargoes delivered into India and the Middle East. This development signifies a move towards a dedicated derivatives market for LNG, addressing the region's supply and demand dynamics.
S&P Global Platts announced the launch of a new daily recycled high density polyethylene (HDPE) film pellets spot price assessment in Southeast Asia to address the increasing demand for recycled plastic pricing information. This assessment complements existing virgin HDPE prices and follows the introduction of recycled polyethylene terephthalate (R-PET) assessments in July 2020. The new pricing information aims to enhance transparency and assist market participants in making informed decisions amid a growing focus on recycled materials driven by green initiatives.
S&P Global Platts has introduced a new API solution to enhance the price reporting process for its US natural gas indices. This development follows the launch of the Platts Trade Vision tool in November 2019, aimed at assisting natural gas price submitters. The API, developed with input from market stakeholders, including Tenaska Marketing Ventures, aims to automate submissions, reduce costs, and improve digital infrastructure. This innovation continues S&P Global Platts' strategy to modernize commodity price assessment processes, following earlier API launches in 2020.
S&P Global Trucost has launched its Paris Alignment dataset on the Market Intelligence Platform, aiding clients in assessing company alignment with the Paris Agreement goals. This dataset covers 1,800 companies and offers tools for tracking energy transitions towards a low-carbon economy. CEO Richard Mattison emphasized its utility in monitoring carbon emissions and identifying necessary reductions to meet climate targets by 2025. The launch is part of S&P Global's continued expansion of Climate and Environmental data.
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