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.
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The COVID-19 pandemic will heavily impact global credit conditions in 2021, according to S&P Global Ratings. Despite vaccine optimism, economic recovery will vary worldwide, with a forecasted global GDP growth of 5.0%, down from previous estimates. The U.S. and Europe will see 4.2% and 4.8% growth, respectively, while emerging markets face financial challenges. Credit downgrades are anticipated, with a 36% negative bias among rated entities. Defaults may rise, with speculative-grade default rates expected to hit 9% in the U.S. and 8% in Europe by September 2021.
S&P Dow Jones Indices (S&P DJI) is expanding into the cryptocurrency market through a partnership with Lukka, a crypto asset software and data company. This collaboration will provide S&P DJI-branded cryptocurrency indices and benchmarking solutions, utilizing Lukka's proprietary pricing data. This move aims to meet the growing demand for reliable cryptocurrency benchmarks, promoting transparency and mitigating risks associated with the volatile crypto market. The initiative is seen as a timely response to the rising interest in digital assets.
S&P Global Platts has initiated a formal consultation regarding the inclusion of WTI Midland crude in the Dated Brent benchmark. This proposal aims to gather market feedback until February 5, 2021. WTI Midland, a light sweet crude with daily exports exceeding 1 million barrels, has become essential for European refiners. The inclusion could enhance the robustness of Dated Brent for years to come. The consultation seeks input on quality premiums and logistical considerations for this potential integration.
Jason Alexander, renowned for his work in cinema and television, will host the 22nd annual Global Energy Awards presented by S&P Global Platts. This event, often dubbed the Oscars of Energy, will take place on December 10, 2020, from 3:00 pm to 5:00 pm ET. This year's awards aim to lift spirits amid the ongoing challenges posed by the coronavirus pandemic, celebrating leadership and innovation in the energy sector. The awards span 21 categories, including Energy Company of the Year and CEO of the Year.
S&P Global Platts has launched renewable diesel values for the Americas, enhancing market transparency as the transportation and refining industries shift to low-carbon fuels. This initiative follows earlier pricing references in Europe for renewable diesel and sustainable aviation fuel. Platts analysis anticipates a significant supply increase, projecting over 3 billion gallons of global renewable diesel by 2023 and 5 billion gallons by 2025, fueled by U.S. federal standards and investment incentives. Daily prices will reflect production costs and environmental credits, starting December 1, 2020.
S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) have announced a merger agreement valued at $44 billion, including $4.8 billion of net debt. The all-stock transaction allows S&P Global shareholders to own 67.75% of the combined company. The merger aims to enhance growth through complementary assets and leverage advanced technologies like Kensho and IHS Markit Data Lake. Expectations include annual organic revenue growth of 6.5-8.0% and cost synergies of approximately $480 million by the second year post-closing, with a pro forma annual revenue exceeding $11.6 billion.
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S&P Dow Jones Indices has released the September 2020 results of the S&P CoreLogic Case-Shiller Indices, indicating a robust national home price growth of 7.0% year-over-year, up from 5.8% in August. The 10-City Composite and 20-City Composite also showed significant increases of 6.2% and 6.6%, respectively. Cities like Phoenix (up 11.4%), Seattle (up 10.1%), and San Diego (up 9.5%) reported the highest gains. Despite data delays for Detroit, overall market strength signals a possible trend of buyers moving to suburban homes.
S&P Global (NYSE: SPGI) announced that President and CEO Douglas L. Peterson has joined over 30 CEOs in signing the CEO Letter on Disability Inclusion. This initiative, part of the Disability:IN's ‘Are You IN?’ campaign, aims to foster inclusive practices in workplaces. Recognizing the 30th anniversary of the Americans with Disabilities Act, S&P Global has actively improved its disability inclusion efforts, achieving a 100% score on the Disability Equality Index for its culture, leadership, and accessibility initiatives.