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 Dow Jones Indices is updating its market capitalization eligibility criteria for new additions to the S&P Composite 1500 Indices, effective December 8, 2020. The new criteria specify:
- For the S&P 500: minimum market cap of $9.8 billion.
- For the S&P MidCap 400: market cap between $3.2 billion and $9.8 billion.
- For the S&P SmallCap 600: market cap between $700 million and $3.2 billion.
This update reflects overall market conditions and is subject to quarterly review.
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S&P Global's CFO, Ewout Steenbergen, will present at the Goldman Sachs U.S. Financial Services Conference on December 8, from 10:40 a.m. to 11:15 a.m. ET. The event will feature a 'fireside chat' format and will be available via a live and replay webcast on the company's Investor Relations website. The replay will be accessible for three months, concluding on March 7, 2021. S&P Global is recognized as a leading provider of credit ratings, benchmarks, and analytics in global markets for over 160 years.
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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.