S&P Global Ratings Reaches Settlement With SEC
S&P Global Ratings (SPGR), a division of S&P Global (NYSE: SPGI), has reached a settlement with the U.S. Securities and Exchange Commission (SEC) as part of an industry-wide investigation into off-channel communications.
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Rhea-AI Summary
S&P Global Ratings (SPGR), a division of S&P Global (NYSE: SPGI), has reached a settlement with the U.S. Securities and Exchange Commission (SEC) as part of an industry-wide investigation into off-channel communications. The settlement resolves violations of recordkeeping rules and involves SPGR agreeing to pay a penalty of USD 20 million. The SEC acknowledged SPGR's remedial actions and cooperation during the investigation. SPGR has expressed its commitment to regulatory compliance and maintaining the integrity of its ratings process. This matter was previously disclosed in S&P Global's public filings, and the company is pleased to have concluded the issue.
Positive
- SEC recognized SPGR's remedial acts and cooperation
- Matter concluded, reducing regulatory uncertainty
Negative
- USD 20 million penalty imposed by SEC
- Violations of recordkeeping rules identified
Details
News Market Reaction – SPGI
The recorded move for SPGI in the trading session of this news was +0.49%.
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SPGR agreed to pay a penalty of
SPGR is pleased to have concluded this matter. SPGR takes compliance with regulatory obligations very seriously and is committed to the integrity of its ratings process and high-quality independent credit ratings.
ABOUT S&P GLOBAL RATINGS
S&P Global Ratings is the world's leading provider of independent credit ratings. Our ratings are essential to driving growth, providing transparency and helping educate market participants so they can make decisions with confidence. We have more than 1 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. We offer an independent view of the market built on a unique combination of broad perspective and local insight. We provide our opinions and research about relative credit risk; market participants gain independent information to help support the growth of transparent, liquid debt markets worldwide. S&P Global Ratings is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/ratings.
Media Contact:
Christopher Krantz
Tel: +44 7976 632 638
christopher.krantz@spglobal.com
View original content:https://www.prnewswire.com/news-releases/sp-global-ratings-reaches-settlement-with-sec-302237236.html
SOURCE S&P Global Ratings
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