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 finance and insurance sector company that describes its mission as providing essential intelligence through credit ratings, benchmarks, analytics and workflow solutions. The SPGI news stream highlights how the company’s data and insights intersect with capital markets, commodities, energy transition, artificial intelligence and the automotive sector.
News about S&P Global often covers corporate actions and capital allocation, such as Board-approved dividend increases and the company’s long history of annual dividend payments. Updates can also include announcements about planned or completed transactions, such as the sale of specific businesses or the expected separation of the S&P Global Mobility division into an independent public company.
Another key theme in SPGI news is research and market studies. For example, S&P Global has released a detailed study on copper in the age of AI, examining how electrification, digitalization, data centers and defense spending could affect copper supply and demand through 2040. These reports draw on proprietary data and cross-divisional expertise from areas such as S&P Global Energy and Market Intelligence.
News items also highlight regulatory and governance developments, including settlements involving S&P Global Ratings and the appointment of new directors to the company’s Board. In addition, readers will find coverage of philanthropic and workforce initiatives like the StepForward program, which focuses on AI-enabled workforce readiness for youth, and updates from CARFAX, part of S&P Global Mobility, on topics such as odometer fraud trends.
Investors, analysts and other stakeholders can use the SPGI news page to follow how S&P Global’s ratings, indices, research, financing activities and governance decisions evolve over time and how the company positions itself around themes such as AI, energy transition and global capital markets.
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.
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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.
S&P Global Platts has launched eight new global low-carbon metals spreads and ratios, expanding its carbon-accounted price offerings. Responding to market demands, these tools aim to quantify costs and manage risks in the evolving carbon-reduction landscape. They are based on Platts assessments of key materials like hot-rolled steel and aluminum across major regions, aiding producers and end-users in understanding the market value of low-carbon metals. This launch follows recent initiatives in low-carbon aluminum pricing.
S&P Global Platts has expanded its voluntary carbon credit assessments to include seven project types effective August 9, 2021. This includes assessments for Avoidance and Removals-based carbon credit projects, focusing on emissions reduction and carbon capture. The launch responds to the urgent need for transparency in the carbon market, as highlighted by the recent IPCC report on climate change. Pricing assessments for various types of credits have been introduced, with current year delivery prices ranging from $2.30 to $100 per mtCO2e, aimed at supporting investments in impactful carbon projects.
Dan Draper, CEO of S&P Dow Jones Indices, will present at the UBS Financial Services Virtual Conference on August 11, 2021. The session is scheduled from 2:00 p.m. to 2:45 p.m. EDT, and will be available for live streaming. Key information will be shared regarding S&P Global and its operations, including its proposed transaction with IHS Markit. Investors are urged to review the related SEC filings for comprehensive insights. The webcast will be available for replay for one year after the event.
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