S&P Global Stock Price, News & Analysis

S&P Global Ratings forecasts that sovereign borrowing will reach $10.4 trillion in 2022, exceeding pre-pandemic levels by nearly one-third. Key factors include high debt-rollover needs and challenges in fiscal policy normalization due to pandemic effects, high inflation, and geopolitical tensions, particularly from the Russia-Ukraine conflict. The total commercial sovereign debt stock is projected to hit a record $66.5 trillion, with the G-7 nations contributing 70% of this total. Investment-grade borrowing is expected to dominate issuance.

S&P Global Commodity Insights releases a report indicating that greenhouse gas (GHG) emissions from Canadian oil sands are projected to decline by the mid-decade, despite an increase in production. The report, titled The Trajectory of Oil Sands GHG Emissions: 2009-2035, forecasts a 20-28% reduction in GHG intensity from 2020 to 2035. While immediate increases in absolute emissions are anticipated, advancements in technology and efficiency, particularly carbon capture and steam displacement technologies, are expected to significantly impact future emissions.

S&P Commodity Insights has introduced new Platts monthly Methane Intensity calculations for 19 US natural gas production basins, enhancing visibility on emissions from fossil fuel production. Utilizing satellite technology, these calculations reveal the true volume of methane emissions, a greenhouse gas significantly more potent than CO2. This initiative aims to prioritize methane emission reduction in climate change efforts. The data includes daily pricing in dollars per MMBtu and CO2 equivalent metrics, marking a significant step towards better environmental accountability in the energy sector.

S&P Global (NYSE: SPGI) announced the final settlement of its cash tender offer for outstanding Senior Notes. Approximately $2.3 million in aggregate principal amount were tendered by the March 31, 2022 deadline, adding to approximately $1.6 billion previously tendered by March 17, 2022. This totals approximately 73.84% of the outstanding Notes. The early tender premium for Notes accepted was $30 per $1,000. Holders of Notes will receive accrued interest, and the Company intends to redeem remaining outstanding Notes following this Offer.

S&P Global (NYSE: SPGI) will release its first quarter 2022 financial results on May 3, 2022, at 7:15 a.m. EDT. A conference call will follow at 8:30 a.m. EDT, hosted by CEO Douglas L. Peterson and CFO Ewout Steenbergen, to discuss the results. The webcast will be accessible live and as a replay for a year on their Investor Relations site. Investors can access the call via telephone, with specific numbers for U.S. and international callers provided.

S&P Dow Jones Indices reported a significant increase in U.S. common dividend payments, with net changes rising by $18.2 billion in Q1 2022. This marks a slight improvement from $18.0 billion in both Q4 2021 and Q1 2021. Total U.S. common dividend increases reached $86.0 billion over the past 12 months, a substantial 74.3% increase from the previous year. Despite a $6.9 billion reduction by AT&T impacting overall figures, the overall dividend outlook remains positive with a median increase of 9.52% in Q1 2022 within the S&P 500.

S&P Global (NYSE: SPGI) announced the sale of its Leveraged Commentary and Data (LCD) business to Morningstar Inc. for $650 million in cash. This payment includes $600 million at closing, with a potential additional $50 million contingent on the transition of LCD customer relationships. The deal, which fulfills a divestment condition required by the European Commission following S&P's merger with IHS Markit on February 28, 2022, is subject to customary closing conditions.

S&P Dow Jones Indices and MSCI have concluded their annual review of the Global Industry Classification Standard (GICS) structure, resulting in key changes for 2023. Notable revisions include the consolidation of retail categories and updates in data processing classifications. However, proposals for reclassifying renewable energy companies were not adopted due to insufficient market consensus. The updated GICS will consist of 11 Sectors, 25 Industry Groups, 74 Industries, and 163 Sub-Industries, with full details to be shared with clients by December 15, 2022.