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.
According to a recent survey by 451 Research, part of S&P Global Market Intelligence, nearly 80% of organizations have expanded work-from-home policies due to COVID-19, with 67% expecting these changes to last. The survey, conducted from May 29 to June 11, involved 575 IT decision-makers and revealed that 47% anticipate reducing office space, while 34% project an 80% or more reduction in work travel for Q4 2020. Increased spending on IT resources and security is noted, with 50% investing more in communication technologies.
S&P Dow Jones Indices and Experian released data for the S&P/Experian Consumer Credit Default Indices through May 2020. The composite rate dropped 12 basis points to 0.78%, while the bank card default rate increased by 17 basis points to 4.40%. Notably, auto loan defaults decreased by 10 basis points to 0.56% and first mortgage defaults fell 14 basis points to 0.52%. Major metropolitan areas such as Chicago and New York exhibited significant reductions in their default rates.
The COVID-19 pandemic significantly disrupted corporate and financial information flow, but a recovery is underway, as reported by S&P Global Market Intelligence. Key findings include a sharp rise in bankruptcy-related events (135% in March, 204% in April, and 214% in May compared to 2019) and a 216% increase in dividend reductions during March to May. In April, 300 U.S. companies withdrew guidance, with earnings forecasts mostly revised downwards. May showed increased differentiation among companies, with more active forecasts revisions by analysts.