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. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
S&P Dow Jones Indices and Experian reported a rise in consumer credit defaults as of January 2022. The composite default rate increased by three basis points to 0.43%, with significant hikes in bank card defaults up seven basis points to 2.02% and auto loan defaults up four basis points to 0.53%. Among major U.S. cities, New York led with an increase to 0.50% in defaults, while Miami saw a decrease to 0.93%.
The data reflects consumer credit health across key loan categories, impacting investor sentiment.
S&P Global Platts has introduced time charter equivalent (TCE) assessments for 209,000 dwt Newcastlemax dry bulk ships using LNG as bunker fuel, effective February 3, 2022. This initiative follows the need for the shipping industry to adopt alternative fuels to lower greenhouse gas emissions. The NMAX GT4 index reflects global trade on Newcastlemax vessels and aims to support the International Maritime Organization's targets for reducing GHG emissions by 50% by 2050. The initial TCE assessment for NMAX GT4 was $3,440/day on February 3 and $1,305/day on February 4.
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S&P Global has appointed Fred Samama as the new Head of Strategic Development for S&P Global Sustainable1, effective immediately. With over two decades in the climate and ESG sector, Samama will enhance the company’s capabilities in providing sustainability intelligence. This move aims to accelerate innovation in ESG and climate analytics, vital for investors and corporations navigating sustainability challenges. This appointment follows a significant year for S&P Global, including the launch of Sustainable1 and the acquisition of The Climate Service in early 2022.
S&P Global (SPGI) reported strong financial results for Q4 and the full year of 2021, with Q4 revenue rising 12% to $2.09 billion and net income up 49% to $675 million. Adjusted net income for Q4 improved 17% to $762 million. For 2021, revenue reached $8.30 billion, an 11% increase, while net income increased 29% to $3.02 billion. The merger with IHS Markit is progressing, with regulatory clearance expected soon. The operating profit margin improved to 50.9% in 2021, and the company returned $743 million in dividends to shareholders.
S&P Global Ratings forecasts that global sustainable bond issuance will exceed $1.5 trillion in 2022, despite stagnation in overall bond issuance. Growth is driven by sustainability-linked and green bonds as issuers respond to climate commitments. Sustainability-linked bonds are expected to be the fastest-growing segment, while green bonds will maintain dominance. Additionally, social and sustainability bonds are anticipated to diversify further to support the 2030 Sustainable Development Goals. Establishing clear standards and regulations will be vital for market integrity.
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S&P Global (NYSE: SPGI) will release its fourth quarter and full-year 2021 results on February 8, 2022, at 7:15 a.m. Eastern Time. A conference call with executives, including CEO Douglas L. Peterson and CFO Ewout Steenbergen, will follow at 8:30 a.m. ET. Access will be available via phone or webcast, with a replay offered for one year. S&P Global continues to be a leading provider of credit ratings and analytics in capital markets, celebrating over 160 years in delivering essential intelligence. More information can be found at www.spglobal.com.