{"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":"
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
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
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/ul>\n The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company’s businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company’s filings with the SEC, including Item 1A, Risk Factors, in our most recently filed Annual Report on Form 10 -K.<\/p>\n
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.<\/p>\n We are widely sought after by many of the world’s leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world’s leading organizations plan for tomorrow, today.<\/p>\n Investor Relations: http:\/\/investor.spglobal.com<\/p>\n Get news direct via RSS:
Christopher Krantz
SOURCE S&P Global<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
NEW YORK, June 1, 2022 \/ 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 …<\/p>\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
\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
<\/p>\n
\n About S&P Global<\/b>
\n <\/p>\n
https:\/\/investor.spglobal.com\/contact-investor-relations\/rss-feeds\/default.aspx<\/p>\n
\n Contact:
<\/b>
\n Investor Relations:
<\/b>Mark Grant
Senior Vice President, Investor Relations
Tel: +1 (347) 640-1521
[email\u00a0protected]<\/span><\/p>\n
\n Average:
<\/b>Ola Fadahunsi
Communications
Tel: +1 (332) 210-9935
[email\u00a0protected]<\/span><\/p>\n
Communications
Tel: +44 7976 632 638
[email\u00a0protected]<\/span><\/p>\n<\/p>\n
\n View original content: https: \/\/www.prnewswire.com\/news-releases\/sp-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-301558773.html<\/p>\n