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 Platts has launched new daily Clean Copper Concentrate spot price assessments on a Cost, Insurance and Freight (CIF) China basis, effective February 1, 2021. This initiative aims to enhance transparency in the copper supply chain amidst increasing demand, particularly for electric vehicles and infrastructure. The new assessments will provide benchmark values for treatment and refining charges (TC/RC) for leading South American copper brands. Copper concentrate imports to China have surged by 65% over five years, highlighting the growing importance of this market segment.
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S&P Global Ratings reported a significant rise in sustainable debt issuance, exceeding 60% in 2020, with projections of total issuance surpassing $700 billion by year-end 2021. Social bonds have become the fastest-growing segment, spurred by the COVID-19 pandemic. The green bond market is expected to reach $400 billion in 2021, following $270 billion in 2020. The report emphasizes ongoing innovation in financing tools, highlighting the importance of transparency and reporting practices in fostering market credibility.
The Board of Directors of S&P Global (NYSE: SPGI) has approved a 15.0% increase in its quarterly cash dividend, raising it from $0.67 to $0.77 per share. This dividend, reflecting the company's strong cash flow and financial position, will be payable on March 10, 2021, to shareholders of record by February 24, 2021. S&P Global has a notable history of returning cash to shareholders, amounting to $1.8 billion in 2020 alone, and has increased its dividend annually for over 48 years.
S&P Global Ratings has placed ratings on several major oil and gas companies on CreditWatch with negative implications, reflecting increased industry risks. Key companies affected include Chevron, Exxon Mobil, and Royal Dutch Shell. While BP and Suncor Energy have had their ratings affirmed, their outlooks were revised to negative. The changes are attributed to challenges such as the energy transition, profitability pressures from previous capital investments, and recent oil price volatility. S&P aims to resolve these ratings within weeks, focusing on the recalibrated business risk profiles of these companies.
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The latest S&P CoreLogic Case-Shiller Indices report reveals a strong increase in U.S. home prices for November 2020, with a 9.5% year-over-year gain, up from 8.4%. The 10-City Composite and 20-City Composite experienced increases of 8.8% and 9.1%, respectively. Phoenix topped the cities with a 13.8% price rise, followed by Seattle and San Diego. All cities reported increased prices compared to the previous year, marking a six-month trend of accelerating home prices.
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