{"id":32832,"date":"2022-06-01T23:44:16","date_gmt":"2022-06-01T23:44:16","guid":{"rendered":"https:\/\/harchi90.com\/s-expects-to-re-introduce-with-second-quarter-2022-earnings-results\/"},"modified":"2022-06-01T23:44:16","modified_gmt":"2022-06-01T23:44:16","slug":"s-expects-to-re-introduce-with-second-quarter-2022-earnings-results","status":"publish","type":"post","link":"https:\/\/harchi90.com\/s-expects-to-re-introduce-with-second-quarter-2022-earnings-results\/","title":{"rendered":"S&P Global Suspends 2022 Financial Guidance Due to Extraordinarily Weak Market Conditions for its Ratings Business; Expects to Re-introduce with Second Quarter 2022 Earnings Results"},"content":{"rendered":"
\n


\n NEW YORK<\/span>, June 1, 2022<\/span> \/ PRNewswire \/ – S&P Global (NYSE: SPGI) is suspending financial guidance for the full year 2022. Macroeconomic conditions have deteriorated since S&P Global Inc. (“the Company”) last provided financial guidance on May 3, 2022, negatively impacting the Company’s expectations for GDP growth and debt issuance volumes. Given the volatility and uncertainty in the issuance environment, the Company cannot affirm its previously issued guidance and expects to reintroduce formal financial guidance in conjunction with its second quarter 2022 earnings results.<\/p>\n

Debt issuance volumes have been extraordinarily weak year-to-date. Should similar trends continue through the end of 2022, market issuance could see year-over-year declines in the high teens. Rated, or billed, issuance could be approximately 30-35% lower than the previous year, and leveraged loan volumes could be approximately 40% lower. In such a scenario, Ratings revenue could be negatively impacted by as much as $ 600 million relative to previous revenue guidance and the Company would expect Ratings adjusted operating margin in the high 50s range.<\/p>\n

At this point, the Company does not expect a change to its previously stated capital return targets.<\/p>\n


\n Forward-Looking Statements:<\/b> This press release contains “forward-looking statements,” as defined in the Private Securities Litigation Reform Act of 1995. These statements, including statements about COVID-19 and the merger (the “Merger”) between a subsidiary of the Company and IHS Markit Ltd. (“IHS Markit”), which express management’s current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like “anticipate,” “assume,” “believe,” “continue , “” estimate, “” expect, “” forecast, “” future, “” intend, “” plan, “” potential, “” predict, “” project, “” strategy, “” target “and similar terms, and future or conditional tense verbs like “could,” “may,” “might,” “should,” “will” and “would.” For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the Company’s business strategies and methods of generating revenue; the development and performance of the Company’s services and products; the expected impact of acquisitions and dispositions; the Company’s effective tax rates; and the Company’s cost structure, dividend policy, cash flows or liquidity.<\/p>\n

Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things:<\/p>\n