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.
On May 24, 2021, S&P Dow Jones Indices announced that The Joint Corp. (JYNT) will replace Cubic Corp. (CUB) in the S&P SmallCap 600 index effective May 27, 2021. This change is part of an acquisition process where Veritas Capital is acquiring Cubic, pending final closing conditions. The addition of The Joint Corp. represents a strategic shift in the index, as it falls under the Health Care sector, unlike Cubic, which is in the Industrials sector.
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S&P Global Platts announced that the International Energy Agency (IEA) will utilize its Liquified Natural Gas (LNG) service, which includes pricing, shipping data, and plant outage information. This collaboration highlights the IEA's role in global energy dialogue and the increasing importance of LNG market commoditization. Platts has published daily LNG prices for over a decade, with its JKM index being the global benchmark for spot LNG cargoes in North Asia. This partnership is expected to enhance market transparency and the reliability of LNG pricing for stakeholders.
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S&P Dow Jones Indices and Experian announced a drop in the S&P/Experian Consumer Credit Default Indices for April 2021. The composite default rate decreased by four basis points to 0.50%. In contrast, the bank card default rate rose by eight basis points to 3.23%. Notably, defaults fell in four out of five major MSAs, with Miami experiencing the largest decline of 19 basis points to 1.04%. The first mortgage and auto loan default rates also saw drops, with figures at 0.33% and 0.43%, respectively.
S&P Dow Jones Indices announced a settlement with the U.S. Securities and Exchange Commission regarding a previously disclosed Wells Notice. The SEC found that S&P DJI acted negligently, violating Section 17(a)(3) of the Securities Act concerning undisclosed quality assurance mechanisms affecting the S&P 500 VIX Short-Term Futures Index on February 5, 2018. As part of the settlement, S&P DJI will pay a penalty of USD 9 million and has committed to enhancing its control framework and operational standards to ensure compliance.
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S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) are considering divesting IHS Markit's Oil Price Information Services (OPIS) and Coal, Metals and Mining businesses to facilitate their merger. This decision follows regulatory feedback and aims to ensure a timely merger completion. The divestiture will be evaluated further by regulators and antitrust authorities. Both companies anticipate closing the merger in the second half of 2021, contingent upon meeting specified conditions.
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S&P Global Ratings announced that Korea Expressway Corp. (KEC) has achieved full alignment with the Green Bond Principles, Social Bond Principles, and Green Loan Principles. This framework ensures that net proceeds from sustainable finance initiatives will exclusively support eligible green and social projects. KEC aims for energy self-sufficiency by 2025, relying on renewable energy, and plans to enhance road safety through a smart expressway system. S&P emphasizes that their alignment opinion is not a credit rating but reflects the framework's adherence to sustainability guidelines.