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.
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On January 20, 2022, S&P Global Platts released its Top Energy Transition Trends for 2022, forecasting a 2.5% rise in global CO2 emissions despite heightened climate efforts. Key highlights include record EV sales projected to exceed 9 million and strong renewable power prices boosting installation growth. However, challenges such as rising input costs and political uncertainties could hinder progress. The gap between hydrogen production ambitions and actual delivery will be scrutinized, with several technology milestones expected to shape the energy transition.
S&P Dow Jones Indices and Experian report that the S&P/Experian Consumer Credit Default Indices indicate an uptick in consumer credit defaults as of December 2021. The composite default rate rose three basis points to 0.40%, with notable increases in various loan types. The bank card default rate rose to 1.95%, auto loan defaults increased to 0.49%, and first mortgage defaults reached 0.28%. Miami saw the most significant rise among major metropolitan areas, increasing by 24 basis points to 0.97%.
S&P Dow Jones Indices reported a net increase in U.S. domestic common stock dividends of $18.0 billion in Q4 2021, down from $20.9 billion in Q3 2021 but significantly higher than $9.5 billion in Q4 2020. For 2021, the total net dividends rose to $69.8 billion, rebounding from a net decline in 2020. Q4 2021 marked a record dividend payment of $15.78 per share for S&P 500 companies. Overall, dividends paid reached $511.2 billion in 2021, a notable increase from $483.2 billion in 2020. Potential risks include discussions in Washington regarding changes to dividend tax treatments.
S&P Global (NYSE: SPGI) has acquired The Climate Service, Inc., enhancing its ESG insights and solutions portfolio. Founded in 2017, The Climate Service provides innovative climate risk analytics through its Climanomics® platform, which quantifies physical and transition climate risks. The acquisition follows S&P Global's milestone year with the launch of Sustainable1, aiming to deliver comprehensive data to clients. This move is expected to increase S&P's capabilities in providing climate-related financial disclosures and insights, aligning with the growing demand for evidence-based sustainability strategies.
iTeos Therapeutics (NASDAQ: ITOS) will replace Magellan Health (NASDAQ: MGLN) in the S&P SmallCap 600, effective January 5, 2022. This change coincides with Centene Corp. (NYSE: CNC) acquiring Magellan Health, pending final conditions. The adjustment is significant for iTeos as inclusion in a prominent index like the S&P SmallCap 600 can potentially improve market visibility and investor interest. This strategic move highlights the dynamic shifts within the healthcare sector as companies adapt to evolving market conditions.
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S&P Global (SPGI) and IHS Markit (INFO) announced the sale of IHS Markit’s Base Chemicals business to News Corp for $295 million and S&P Global’s CUSIP Global Services (CGS) business to FactSet Research Systems for $1.925 billion. These transactions are part of the ongoing merger process between the two companies, anticipated to yield net proceeds of approximately $1.3 billion. Both divestitures are subject to customary conditions, including regulatory approvals.
S&P Global (SPGI) and IHS Markit (INFO) have signed agreements to divest IHS Markit's Base Chemicals business to News Corp for $295 million and S&P Global's CUSIP Global Services (CGS) to FactSet Research Systems for $1.925 billion. These divestitures are part of the regulatory conditions required to complete their merger. The companies expect to receive aggregate net proceeds of approximately $1.3 billion. Additional divestitures, including the Leveraged Commentary and Data business, are planned to meet regulatory approval, with the merger anticipated to close in Q1 2022.
The S&P/Experian Consumer Credit Default Indices for November 2021 show a slight decline in the composite default rate to 0.37%, down from 0.38% in October. The bank card default rate decreased to 1.94%, a drop of seven basis points, while auto loans rose to 0.44%. Notably, New York reported the largest decline in defaults among major metropolitan areas, falling to 0.30%. Dallas also experienced a reduction, while Los Angeles saw a rise in defaults. The indices provide insight into the consumer credit landscape across various loan categories.