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 Global has joined the newly launched Net Zero Financial Services Provider Alliance (NZFSPA), consisting of 17 members dedicated to achieving a net zero economy by 2050. This alliance, part of the Glasgow Financial Alliance for Net Zero (GFANZ), aims to mobilize capital for sustainable transitions by providing essential data and insights to financial institutions. Members will set Science Based Targets for emissions and report progress in line with the Taskforce on Climate-Related Financial Disclosures. CEO Doug Peterson emphasized the importance of collaboration in reaching net zero goals.
S&P Dow Jones Indices and Experian reported that the S&P/Experian Consumer Credit Default Indices for August 2021 show a composite default rate down one basis point to 0.39%, marking the fifth consecutive drop. The bank card default rate decreased by 16 basis points to 2.35%, while auto loan defaults increased by three basis points to 0.34%. Major cities like Chicago and New York experienced rising default rates, highlighting regional disparities in credit risk.
S&P Dow Jones Indices has successfully completed its eighth annual review of adherence to the IOSCO Principles for Financial Benchmarks. Conducted by an independent global accounting firm, the review assesses S&P DJI's governance, control framework, and operational integrity. CEO Dan Draper emphasized the importance of maintaining the independence and transparency of iconic benchmarks like the S&P 500® and Dow Jones Industrial Average®. The complete Management Statement and independent review results are available on their Governance website.
S&P Global Market Intelligence has launched its new integrated desktop solution, S&P Capital IQ Pro, described as the company's most comprehensive platform to date. This upgraded solution includes an expanded range of datasets and features enhanced tools for users. It covers 62,000 public and 18 million private companies, offering insights from leading research providers and enhanced ESG content. CEO Doug Peterson and President Martina Cheung emphasized its value in delivering comprehensive data, analytics, and insights for investment and business decisions.
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S&P Global Platts has launched a suite of 36 new daily prices aimed at reflecting the cost of reducing greenhouse gas emissions through biofuels. These new calculations leverage existing Platts assessments in biofuels, refined products, and carbon credit markets, providing vital insights for traders and policymakers. The pricing structure includes spreads between various fuels, values per point of carbon intensity under California's Low Carbon Fuel Standard, and calculated costs under Europe's Renewable Energy Directive. This initiative supports the transition to lower-carbon energy sources.
S&P Global (NYSE: SPGI) will have its CIO, Swamy Kocherlakota, present at the Deutsche Bank Technology Conference on September 9, 2021, from 4:30 p.m. to 5:00 p.m. EDT. This presentation will be streamed live as a webcast and may cover forward-looking information. The replay will be available for 90 days post-event. Furthermore, S&P Global has filed relevant documents with the SEC regarding its proposed transaction with IHS Markit, including a registration statement and proxy statements, which investors are encouraged to review.
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.