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The Latest Breaking News from SP Global Ratings

S&P: Digital Advertising Could Reach 75% of Total U.S. Advertising by 2025

S&P has raised their ad forecast based on a shallower than expected recession in Q2 and Q3 2023

TV Tech

China's Economy Faces Challenges Despite Moves to Stimulate Growth

China's recent steps to adjust Covid-19 controls and revive activity in the beaten-down property market stirred hopes that Chinese leader Xi Jinping is putting fresh emphasis on measures to support the economy, potentially leading to a strong rebound in growth next year.

Bangkok Post

S&P upgrades Axis Bank rating on improving asset quality

NEW DELHI: SP Global Ratings on Tuesday upped its credit rating on Axis Bank with a stable outlook on expectations that the private sector lender will maintain good asset quality over the next two years.

The Times of India

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Credit Suisse cut to one level above junk status by S&P

Credit Suisse Group AG’s long-term rating was downgraded by SP Global Ratings to just one level above junk status, underscoring the bank’s challenges after it laid out a radical restructuring plan last week.

The Times of India

Tesla Stock Upgraded To Investment Grade By S&P Global

The past few years have played a crucial role in Tesla’s history, turning the automaker from a struggling company with big dreams to a key player on Wall Street.

InsideEVs

S&P says it could downgrade El Salvador in 6-18 months

SP Global Ratings said on Friday it could cut El Salvador's already negative credit rating within six to 18 months if it does not make "adequate progress" on debt reduction, days after the government announced plans to buy back sovereign bonds.

Reuters

China property sales could plunge by one-third, analysts say, as crisis deepens

Amid reports Beijing is planning massive bailout, S&P predicts sales slump will heighten liquidity squeeze and trigger more defaults

The Guardian - AU

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Elon Musk Attacks S&P Over Exxon Outscoring Tesla On ESG: What He's Saying

Elon Musk attacked the Environmental, Social, and Governance (ESG) standard on Wednesday, describing it as a "scam" that "has been weaponized by phony social justice warriors." He also accused S&P Global Ratings — the rating division of S&P Global — of losing its integrity.

Benzinga

Global Government Debt Expected To Swell To $71 Trillion In 2022: CNBC

According to a new report, global sovereign debt is expected to climb to a whopping $71.6 trillion in 2022, while fresh borrowing is also anticipated to remain high,

Benzinga

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