Report
Colin Plunkett
EUR 100.00 For Business Accounts Only

S&P Global, More than Just Bond Ratings

Wide-moat S&P Global’s fourth quarter reflects the headwinds facing bond issuance as higher interest rates and slower economic growth remained a weight on the company’s top-line growth. For the period, S&P generated revenue of $1.5 billion, about a 3% year-over-year decline. This doesn’t really worry us too much as we suspect last year’s fourth quarter benefited from people timing rate increases rushing to issue debt to lock in lower rates. Though Ratings revenue fell 16% from the previo...
Underlying
S&P Global Inc.

S&P Global is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. The company's segments include: S&P Global Ratings, which provides credit ratings, research and analytics; S&P Global Market Intelligence, which provides multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services; S&P Global Platts, which provides information and benchmark prices for the commodity and energy markets; and S&P Dow Jones Indices, which provides a variety of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Colin Plunkett

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