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S&P Global (SPGI)

25 annotations

we started with 360 – sorry, 356 million of combined shares after the issuance of shares for the IHS Markit shareholders. That has come down to 339 million most recently.
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2022 Q2
20 Sep 22
build issuance
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2022 Q2
20 Sep 22
the second half of the year is always has lower level of issuance in the first half of the year.
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2022 Q2
20 Sep 22
Over the next three years, we see a decrease in near-term maturities as refinancing push those maturity dates out.
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2022 Q2
20 Sep 22
debt maturing over the next 10 years is not down significantly, and it starts to increase over the next three to five years.
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2022 Q2
20 Sep 22
total global debt maturing over the next three years is down significantly from six months ago
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2022 Q2
20 Sep 22
Exchange traded derivative revenue increased 64% on increased trading volumes across key contracts, including the more than 60% increase in S&P 500 index options volume.
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2022 Q2
20 Sep 22
The largest contributors to the decrease in ratings revenue were a 39% decrease in corporates and a 20% decrease in structured finance, driven predominantly a structured credit.
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2022 Q2
20 Sep 22
expect revenue growth to decelerate in debt part of the business
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2022 Q2
20 Sep 22
Excluding the impact of these volume driven products, growth across Market Intelligence would've been approximately 8% year-over-year in the quarter. We expect those volume driven headwinds to persist through the rest of the year.
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2022 Q2
20 Sep 22
For Enterprise Solutions, we continue to see headwinds in several of our volume driven products that rely on equity and debt capital markets activity, and the variable subscription terms.
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2022 Q2
20 Sep 22
Global market issuance is now expected to decline approximately 16% year-over-year within a range of down 9% to down 24% in 2022
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2022 Q2
20 Sep 22
over the long-term, the public debt markets remain very healthy and have a strong history of resilience
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2022 Q2
20 Sep 22
We expect 2024 and 2025 refinancing activity to start next year.
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2022 Q2
20 Sep 22
it’s the high yield sector both for loans and bonds that we’ve seen the biggest weakness.
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2022 Q2
20 Sep 22
the ratings business you’ve already seen is being directly impacted already by the increase in inflation, by the weak issuance environment, by the uncertainty in the markets.
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2022 Q2
20 Sep 22
impact from the very, very weak capital markets in IPO positioning.
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2022 Q2
20 Sep 22
Market Intelligence, the Enterprise Solutions piece
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2022 Q2
20 Sep 22
what's comprised of that solutions group. It includes IPO as well. But there's a portion of the revenues in that business which come from IPOs and as you know, the IPO market has been incredibly weak.
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2022 Q2
20 Sep 22
at the beginning of July, there was issuance of high yield loans and high yield debt was down overall in the high-80%, low-90% range
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2022 Q2
20 Sep 22