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. 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.
S&P Global (NYSE: SPGI) will take part in the Deutsche Bank Global Financial Services Conference on June 1, 2022, featuring a presentation from Executive Vice President and CFO Ewout Steenbergen. The session is set for 3:00 p.m. to 3:45 p.m. EDT and will be available via webcast, including potential forward-looking insights. The replay will be accessible for one year post-event. S&P Global is known for providing essential analytics and intelligence that aid organizations in various sectors.
The World Bank and S&P Global Market Intelligence's Container Port Performance Index (CPPI) reveals that Middle Eastern ports excelled in efficiency amid global supply chain disruptions caused by the pandemic. Saudi Arabia's King Abdullah Port ranked first, followed by Oman's Port Salalah and Qatar's Hamad Port. The index highlights the significant discrepancies in global port performance, with King Abdullah Port achieving 97 container moves per hour compared to just 26 at major North American ports. The report emphasizes the need for digital technology and green fuels to enhance port resilience.
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S&P Global Ratings reported on May 18, 2022, that the current global credit landscape is challenged by persistent inflation, geopolitical tensions, and ongoing COVID-19 lockdowns in China. Although credit ratings remain stable, there are warning signs of potential distress among U.S. speculative-grade borrowers. The outlook could worsen if household incomes decline and financing conditions tighten further. The report underscores the heightened risks of recession if global conditions do not improve, especially in light of the prolonged conflict in Ukraine and strict Chinese measures against COVID-19.
S&P Global has updated its economic growth forecasts, expecting a decline in U.S. growth by 80 basis points to 2.4%, eurozone growth to drop by 60 basis points to 2.7%, and China's growth to fall by 70 basis points to 4.2%. The adjustments are attributed to worsening macroeconomic conditions, including the prolonged Russia-Ukraine conflict, rising energy prices, and persistent inflation, which is now broader and more sustained than previously anticipated. The outlook remains cautious, with risks skewed to the downside.
S&P Global Ratings announced the formation of a new Decentralized Finance (DeFi) strategy group to enhance its approach to decentralized markets. Led by Chuck Mounts as Chief DeFi Officer, the initiative aims to integrate insights from traditional capital and crypto-native markets, addressing the evolving dynamics in capital markets. This development reflects the growing interest in DeFi and its potential to disrupt established financial frameworks. The team will support both institutional and crypto-native clients by leveraging S&P's analytics and risk assessment capabilities.
Auto Loan Default Rate Hits Highest Since December 2020
According to data released by S&P Dow Jones Indices and Experian for April 2022, the composite credit default rate rose to 0.50%, marking a two basis point increase. The auto loan default rate also saw a rise, reaching 0.58%, up two basis points. The bank card default rate surged to 2.52%, a 25 basis point increase. Notably, Miami reported the highest regional default rate at 0.80%. This marks the fifth consecutive month of increase in the composite rate, indicating potential concerns about consumer credit health.
D.A. Davidson has committed to enhancing its marketing and digital transformation efforts within its Investment Banking and Institutional Equities divisions. The firm has appointed Andreea Popa as the head of Equity Capital Markets Marketing to spearhead a strategic marketing plan aimed at growth across key industry verticals including consumer, diversified industrials, technology, and financial institutions. With over 20 years of experience, Popa will focus on increasing visibility and supporting business development initiatives.
Douglas L. Peterson, President and CEO of S&P Global (NYSE: SPGI), will speak at the Barclays Americas Select Conference on May 10, 2022, at 11:00 a.m. BST (6:00 a.m. EDT). The session will feature a 'fireside chat' format and will be web-broadcasted, including potential forward-looking information. Live and replay access will be available through S&P Global's Investor Relations website, with a replay lasting until May 9, 2023. S&P Global provides essential intelligence across various markets.