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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S&P Global Market Intelligence has launched a new energy transition dataset that includes hourly price forecasts for power plant hubs. This dataset is part of the Power Forecast series, assisting market participants in analyzing optimal energy output times and future price changes. It combines insights on project mapping, transmission line routes, and renewable portfolio standards. Notably, California's wind resources are now positioned to benefit from peak pricing during evening hours, offering an alternative to solar energy as it wanes.
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On November 17, 2020, S&P Dow Jones Indices and Experian released data showing a decrease in consumer credit default rates for October 2020. The composite rate fell by 10 basis points to 0.53%, with the bank card default rate dropping 20 basis points to 2.80%. Notably, the auto loan default rate rose slightly by 3 basis points to 0.59%, while the first mortgage default rate decreased by 11 basis points to 0.35%. All five major metropolitan areas reported lower default rates, with Miami experiencing the largest decline, down 67 basis points to 1.13%.
S&P Global (NYSE: SPGI) announced that Chip Merritt, Senior Vice President of Investor Relations, will present at the virtual J.P. Morgan Ultimate Services Investor Conference on November 19, 2020. Merritt's session is scheduled from 3:25 p.m. to 3:55 p.m. EST and will feature a 'fireside chat' format with potential forward-looking insights. The presentation will be broadcast live and available for replay on the Company’s Investor Relations website for 30 days post-event, concluding on December 18, 2020.
S&P Global Market Intelligence reported a sequential increase in U.S. households subscribing to live, linear networks by 319,000 or 0.4% in Q3 2020, following a surge in virtual multichannel packages. Traditional providers lost over 1.6 million subs, yet the decline slowed to 2.1%. Virtual services gained nearly 2 million subscriptions, marking a 19% sequential growth. Combined, the penetration of subscriptions reached 67.4%, while traditional multichannel subscriptions fell below 58%. The industry overall remains down 4.6% year-over-year.
S&P Global Platts announced the launch of daily spot price assessments for recycled PET food-grade pellets in Los Angeles. This development adds to their existing assessments of post-consumer PET bottle bales and recycled PET clear flakes. California's Assembly Bill 793 mandates increased recycled content in PET bottles, further driving demand. The assessments will provide transparency in the recycled plastic market, which is currently lacking standardization. European RPET pellet prices have averaged $500 per metric ton above virgin PET prices since 2019, indicating growing demand for recycled materials.
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S&P Global Market Intelligence and Oliver Wyman have partnered with Citi to facilitate its transition to a low-carbon economy through the use of Climate Credit Analytics. This innovative analytics tool assesses the impact of climate risks on creditworthiness, combining S&P's advanced credit risk models with Oliver Wyman's climate scenario expertise. Citi becomes the first bank to implement this tool, enhancing its climate risk analysis as part of its Sustainable Progress Strategy and TCFD initiatives.
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