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.
The Board of Directors of S&P Global (NYSE: SPGI) has declared a cash dividend of $0.85 for the fourth quarter of 2022. This dividend is payable on December 12, 2022, to shareholders on record as of November 28, 2022. The annualized dividend rate stands at $3.40 per share. S&P Global has consistently paid dividends since 1937 and has increased its dividend annually for at least the last 49 years, showcasing a strong commitment to returning value to shareholders.
S&P Dow Jones Indices has launched the iBoxx EUR Corporates Net Zero 2050 Paris-Aligned ESG index, a new climate-focused bond index that enhances its Paris-Aligned and Climate Transition capabilities. This index tracks investment-grade corporate bonds while incorporating ESG factors, aiming to meet the standards for the EU's Paris-Aligned Benchmarks. It excludes constituents involved in controversial business practices or violations of the UN Global Compact principles. The index supports a sustainable investment strategy aligned with climate goals.
S&P Global (NYSE: SPGI) will announce its third quarter 2022 results on October 27, 2022, at approximately 7:15 a.m. Eastern Daylight Time. A conference call will follow at 8:30 a.m. to discuss the results, hosted by CEO Douglas L. Peterson and CFO Ewout Steenbergen. The call is open to all and may include forward-looking information. The webcast will be accessible live and as a replay on the Company's Investor Relations website.
For more details, visit www.spglobal.com.
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S&P Global Commodity Insights has announced the finalists for the 24th Annual Platts Global Energy Awards, featuring 168 finalists from 26 countries across Europe, Asia, and the Americas. The awards recognize innovation and leadership in the energy sector, with winners set to be revealed on December 8 at a gala in New York City. This year's theme is Committed.Connected.Charged., highlighting the industry's response to challenges like Europe's energy crisis. Categories include CEO of the Year and Energy Company of the Year.
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Auto Loan Default Rate at Highest Since March 2020
According to the latest data from S&P Dow Jones Indices and Experian for August 2022, the auto loan default rate increased to 0.72%, marking a six basis point rise, while the composite default rate remained stable at 0.57%. The bank card default rate experienced a slight decrease to 2.41%. Among major metropolitan areas, Dallas saw the largest increase in auto loan defaults, up to 0.69%. Meanwhile, both New York and Los Angeles recorded declines in their respective default rates.
According to a recent analysis by S&P Global Commodity Insights, the western Canadian pipeline system may face capacity challenges by the late 2020s, despite recent expansions. Major projects, including the Enbridge Line 3 Replacement and the upcoming Trans Mountain Pipeline Expansion, are expected to increase capacity by over 1.2 million barrels per day by 2030. However, crude production could exceed 5.3 million barrels per day, raising concerns about infrastructure strain and potential price instability. The report warns that various factors may hinder the effective utilization of pipeline capacities.
S&P Global has released its latest Energy Transition Outlook on Sept. 19, 2022, featuring insights on natural gas, coal, nuclear, oil, and renewables. The report emphasizes the growing importance of decarbonization and energy security, particularly in light of Russia's invasion of Ukraine. Key findings suggest that while global oil demand is projected to rise, demand for thermal coal will peak in 2024. Renewables are anticipated to comprise 60% of Europe's power generation by 2030, highlighting shifts in energy strategy across the globe.
S&P Global Commodity Insights is expanding its Platts Ammonia Forward Curves to 24 months, effective September 16, 2022. This enhancement responds to rising demand for long-term ammonia pricing amid market volatility and high spot prices. The new curves will be quantitatively driven, covering FOB Middle East, CFR Northwest Europe, CFR US Gulf, and CFR Far East Asia. This expansion builds on existing forward curves launched earlier in 2022, aiming to improve price risk strategies and bolster international trade in ammonia.