S&P Global Stock Price, News & Analysis

S&P Global Ratings has assigned a score of E1/79 to the San Francisco Municipal Transportation Agency's proposed Series 2021C bonds. This represents the highest score on their evaluation scale. $235 million will be raised for projects aimed at enhancing transportation efficiency and reducing greenhouse gas emissions in San Francisco. Key initiatives include procuring electric light rail vehicles and upgrading infrastructure. These efforts are expected to accelerate the city's transition towards more sustainable transit solutions.

S&P Global Platts has launched the APSI 5 index, a new weighted average index for Supramax bulkers effective February 1, 2021. This index is the first of its kind in the dry bulk freight market, focusing on the Asia Pacific trade. It aims to provide greater transparency by capturing the supply-demand dynamics of Supramax shipping, which has been underserved by existing benchmarks. The APSI 5 Index uses trade flow data from Platts' cFlow to reflect realistic economic conditions, with key voyages covering regions like Southeast Asia and the Indian Ocean.

S&P Global (China) Ratings has unveiled a report detailing the relationship between its rating scales and those of S&P Global Ratings. This report aims to enhance transparency and improve understanding among market participants about rating differentiations. The analysis encompasses 143 Chinese corporates, revealing that the credit quality results from S&P Global (China) Ratings are more widely distributed compared to S&P Global Ratings, as it removes sovereign credit constraints. This comprehensive overview is crucial for investors navigating the Chinese market.

S&P Global Market Intelligence has launched a new Renewable Energy Credit (REC) Price Forecast dataset within its Power Forecast series. This tool will aid market participants in assessing wholesale renewable electricity values in the U.S., supporting companies in achieving 100% renewable energy mandates. Despite current strong REC pricing in New England, projections indicate potential declines due to favorable wholesale power economics and expanding offshore wind contributions. The dataset enhances insights into environmental compliance costs and regulatory impacts, benefiting energy market investors.

S&P Global Platts has launched new daily Clean Copper Concentrate spot price assessments on a Cost, Insurance and Freight (CIF) China basis, effective February 1, 2021. This initiative aims to enhance transparency in the copper supply chain amidst increasing demand, particularly for electric vehicles and infrastructure. The new assessments will provide benchmark values for treatment and refining charges (TC/RC) for leading South American copper brands. Copper concentrate imports to China have surged by 65% over five years, highlighting the growing importance of this market segment.