Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. (NYSE: SPGI) is a finance and insurance sector company that describes its mission as providing essential intelligence through credit ratings, benchmarks, analytics and workflow solutions. The SPGI news stream highlights how the company’s data and insights intersect with capital markets, commodities, energy transition, artificial intelligence and the automotive sector.
News about S&P Global often covers corporate actions and capital allocation, such as Board-approved dividend increases and the company’s long history of annual dividend payments. Updates can also include announcements about planned or completed transactions, such as the sale of specific businesses or the expected separation of the S&P Global Mobility division into an independent public company.
Another key theme in SPGI news is research and market studies. For example, S&P Global has released a detailed study on copper in the age of AI, examining how electrification, digitalization, data centers and defense spending could affect copper supply and demand through 2040. These reports draw on proprietary data and cross-divisional expertise from areas such as S&P Global Energy and Market Intelligence.
News items also highlight regulatory and governance developments, including settlements involving S&P Global Ratings and the appointment of new directors to the company’s Board. In addition, readers will find coverage of philanthropic and workforce initiatives like the StepForward program, which focuses on AI-enabled workforce readiness for youth, and updates from CARFAX, part of S&P Global Mobility, on topics such as odometer fraud trends.
Investors, analysts and other stakeholders can use the SPGI news page to follow how S&P Global’s ratings, indices, research, financing activities and governance decisions evolve over time and how the company positions itself around themes such as AI, energy transition and global capital markets.
A10 Networks will replace Ferro Corp in the S&P SmallCap 600, effective April 26, 2022. This change follows Ferro's acquisition by Prince International Corp., closing the same day. A10 Networks (ATEN) operates in the Information Technology sector, likely benefiting from increased visibility and investment opportunities within the index.
S&P Global Market Intelligence has added the NATF standard for utilities to its KY3P® solution, enhancing third-party risk management. Con Edison is the first utility to adopt this solution, utilizing the NATF "Energy Sector Supply Chain Risk Questionnaire" for supplier risk assessments. This integration streamlines due diligence and improves efficiency in risk management. The NATF tool aims to ensure regulatory compliance and drive consistency across suppliers in the energy sector. Both S&P Global and NATF officials emphasize the importance of standardized risk assessments to enhance operational cost savings.
S&P Global Commodity Insights has partnered with Plastics Recyclers Europe (PRE) to bolster the transparency of the recycled plastics market. This collaboration will provide PRE members access to key Platts Polymer Prices and market information, alongside live event collaborations, joint webinars, and workshops. Shelley Kerr, Global Head of Petrochemicals Markets, emphasized the importance of this partnership in navigating the sustainability challenges in petrochemicals. The plastics recycling sector in Europe, valued at over €3 billion, is crucial for the transition to a circular economy.
S&P Dow Jones Indices and Experian reported that consumer credit defaults have risen through March 2022. The composite rate increased two basis points to 0.48%. The bank card default rate saw a significant rise of 12 basis points to 2.27%, while the auto loan default rate increased to 0.56% and the first mortgage rate reached 0.35%. Most major metropolitan areas recorded higher default rates, with New York experiencing the largest increase at 0.80%.
automotiveMastermind, part of S&P Global Mobility, has launched Mastermind Academy, an external learning management system aimed at enhancing dealership training. This initiative offers on-demand online content for dealer employees, allowing for self-paced learning. The Academy features three training routes: a Courses page, a Best Practices page, and a Dealer Resource page.
With a focus on ensuring dealers leverage Mastermind's capabilities, Mastermind Academy also provides certifications for completed courses, enhancing professional profiles.
S&P Global has appointed Daniel Yergin as Vice Chairman following its merger with IHS Markit. Yergin, previously Vice Chairman of IHS Markit, brings extensive experience in energy and economics to the leadership team. His appointment is effective immediately, and he will report to CEO Doug Peterson. Yergin's credentials include award-winning publications and significant roles in global energy discussions. This move is expected to enhance S&P Global's intelligence and analytics capabilities in the evolving market landscape.
The Global Bank Rankings by S&P Global Market Intelligence reveal that Chinese banks retained their top positions, while European lenders saw declines in their asset rankings. In 2021, 26 of 37 European banks fell in rank amid a 2.16% decrease in total assets to $36.9 trillion. Chinese banks like Industrial & Commercial Bank of China solidified their lead. Meanwhile, U.S. banks like JPMorgan Chase and Bank of America improved their rankings. Analysts note that slowing economic growth and competitive pressures are contributing factors.
Gogo Inc. (GOGO) will be included in the S&P SmallCap 600 Index effective April 8, 2022, following the acquisition of SPX FLOW Inc. (FLOW) by Lone Star Funds. This index addition represents a significant change in the index composition, with Gogo replacing SPX FLOW, which will be removed from the index. Being part of the S&P SmallCap 600 can enhance Gogo's visibility and attract more investment interest, potentially impacting its stock performance positively.
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.