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 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.
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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.