S&P Global Stock Price, News & Analysis

S&P Dow Jones Indices announced the December 2021 results for the S&P CoreLogic Case-Shiller Indices, highlighting an 18.8% annual gain for U.S. home prices, unchanged from November. The 10-City Composite increased by 17.0%, while the 20-City Composite rose 18.6%. Phoenix led with a 32.5% increase, followed by Tampa and Miami. Month-over-month, the U.S. National Index showed a 0.9% increase. The report indicated strong growth across all cities with prices at record highs, amid discussions on the impact of rising mortgage rates.

On February 16, 2022, GTI, the National Energy Technology Laboratory (NETL), and S&P Global Platts launched the Open Hydrogen Initiative (OHI). This collaboration aims to enhance transparency regarding the environmental impacts of hydrogen production, addressing the variability in its carbon intensity. OHI will develop open-sourced tools for stakeholders in the hydrogen value chain to assess carbon intensity at the asset level, promoting standardized measurements. This initiative supports the global transition to low-carbon energy and will be discussed at the S&P Global Platts London Energy Forum on February 21 and 24, 2022.

S&P Global (NYSE:SPGI) has extended the expiration date for its Exchange Offers and Consent Solicitations involving IHS Markit Ltd. (NYSE:INFO) notes from February 22, 2022, to February 28, 2022. This extension follows receipt of required consents to adopt amendments to the governing indentures. The offers aim to exchange up to $4.6 billion of IHS Markit Notes for new S&P Global Notes and cash, contingent on the successful merger with IHS Markit. The settlement is anticipated post-expiration, after the merger closing expected in Q1 2022.

S&P Dow Jones Indices and Experian reported a rise in consumer credit defaults as of January 2022. The composite default rate increased by three basis points to 0.43%, with significant hikes in bank card defaults up seven basis points to 2.02% and auto loan defaults up four basis points to 0.53%. Among major U.S. cities, New York led with an increase to 0.50% in defaults, while Miami saw a decrease to 0.93%.

The data reflects consumer credit health across key loan categories, impacting investor sentiment.

S&P Global Platts has introduced time charter equivalent (TCE) assessments for 209,000 dwt Newcastlemax dry bulk ships using LNG as bunker fuel, effective February 3, 2022. This initiative follows the need for the shipping industry to adopt alternative fuels to lower greenhouse gas emissions. The NMAX GT4 index reflects global trade on Newcastlemax vessels and aims to support the International Maritime Organization's targets for reducing GHG emissions by 50% by 2050. The initial TCE assessment for NMAX GT4 was $3,440/day on February 3 and $1,305/day on February 4.

S&P Global has appointed Fred Samama as the new Head of Strategic Development for S&P Global Sustainable1, effective immediately. With over two decades in the climate and ESG sector, Samama will enhance the company’s capabilities in providing sustainability intelligence. This move aims to accelerate innovation in ESG and climate analytics, vital for investors and corporations navigating sustainability challenges. This appointment follows a significant year for S&P Global, including the launch of Sustainable1 and the acquisition of The Climate Service in early 2022.