S&P Global Ratings is one of the largest credit rating agencies in the world and a subsidiary of S&P Global, which is best known for being the creator of the S&P 500 stock index.
The purpose of S&P Global Ratings is to provide accurate data and information to potential market participants to measure the credit efficacy of enterprises, governments, financial entities, securities, and the overall financial sector.
S&P Global Ratings works with numerous global financial regulators and the financial sector to provide detailed information to help sustain an equitable, transparent, forward-thinking global financial industry.
Standard & Poor's grew out of two companies: Poor's Publishing, a publisher of railroad industry guidebooks officially founded in 1868, and the Standard Statistics Bureau (later Company), founded in 1906, which published financial data on companies.
In 1923, it released its first stock market indicator, which contained 233 companies. Poor's Publishing, meanwhile, issued its first rating in 1916.
The two firms merged in 1941, to create Standard & Poor's.1
The McGraw-Hill Cos. purchased S&P in 1966. In 2012, Standard & Poor's combined its index operations with Dow Jones Indices (which McGraw-Hill owned) to become the leader in stock market indexes.
In 2016, McGraw Hill Financial rebranded itself as S&P Global. S&P Global divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices, and S&P Global Platts.
The company has more than 1,500 credit analysts, and more than 1 million credit ratings have been issued on governments, corporations, the financial sector, and securities.
S&P is a major credit risk researcher, covering multiple industries, benchmarks, asset classes, and geographies.
It issues credit ratings, ranging from AAA to D, on public and private company debt, as well as governments. It also offers ratings on short-term debt and provides outlook ratings that range from six months to two years.
Last Updated on 12 months by pinc