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.
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.
S&P Global (SPGI) reported strong financial results for Q4 and the full year of 2021, with Q4 revenue rising 12% to $2.09 billion and net income up 49% to $675 million. Adjusted net income for Q4 improved 17% to $762 million. For 2021, revenue reached $8.30 billion, an 11% increase, while net income increased 29% to $3.02 billion. The merger with IHS Markit is progressing, with regulatory clearance expected soon. The operating profit margin improved to 50.9% in 2021, and the company returned $743 million in dividends to shareholders.
S&P Global Ratings forecasts that global sustainable bond issuance will exceed $1.5 trillion in 2022, despite stagnation in overall bond issuance. Growth is driven by sustainability-linked and green bonds as issuers respond to climate commitments. Sustainability-linked bonds are expected to be the fastest-growing segment, while green bonds will maintain dominance. Additionally, social and sustainability bonds are anticipated to diversify further to support the 2030 Sustainable Development Goals. Establishing clear standards and regulations will be vital for market integrity.
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