S&P Global Ratings’ Post

S&P Global Ratings is pleased to announce that Yann Le Pallec, our current Executive Managing Director and Head of Global Ratings Services, has been appointed President of S&P Global Ratings, effective November 1, 2024. He will succeed Martina Cheung who will become President and CEO of S&P Global at that time. First joining the Company in 1999, Yann is a veteran of the S&P Global Ratings team and an expert on our business and industry. With deep and diverse experience in the ratings business, we are fortunate to have Yann as S&P Global Ratings’ future leader. Congratulations to Yann! Read more in our press release here: https://okt.to/MqrLRU

Increasing biofuel use, which we expect to accelerate over the next five to 10 years, should spur more demand over time—but recent volatility in demand may keep near-term investment outlays muted: https://okt.to/zyQ4gJ

The current U.S. speculative-grade corporate default rate of 4.9% is higher than the long-term average of 4.1%—but this may be an overstatement of systemic credit stress when taken at face value. The majority of recent defaults have been distressed exchanges, which result in notably higher recovery rates than more traditional types of default: https://okt.to/YiLODQ

Decoupling of GDP growth from emissions growth has not yet happened in emerging and frontier markets. We estimate that 6.3% of GDP (about $2.6 trillion, or $1.4 trillion excluding China) is required by 2030 to achieve the committed share of renewables in electricity production under the IEA's Stated Policies Scenario: https://okt.to/ZQRI0e

U.S. corporate borrowers swing into the second half of the year amid the prospect of improving— but still fragile—credit conditions, with the economy seemingly settling into a soft landing and the Federal Reserve poised to lower interest rates: https://okt.to/kqMhy2

European companies remained resilient in the first half of 2024. Positive rating actions prevailed by 10%, while negative actions were concentrated on the lower end of the rating scale. Negative bias dropped to 16% from the first quarter, a positive indicator for future rating trends. Find out more in the newly published S&P Global Ratings newsletter highlighting the European speculative-grade trends in June: https://okt.to/SUDlkG

U.S. corporate borrowers swing into the second half of the year amid the prospect of improving— but still fragile—credit conditions, with the economy seemingly settling into a soft landing and the Federal Reserve poised to lower interest rates: https://okt.to/paHNId

Credit ratings are trending stronger for most regions, with more upgrades than downgrades in the second quarter of 2024: https://okt.to/D8RjWC

Despite global efforts to reduce emissions, Japan isn’t giving up on gas for now. We explore why in this #Sustainability Insight. Read the commentary here: https://okt.to/aH84cP

Please join S&P Global Ratings Americas Public Finance analysts for a live interactive webinar and Q&A to discuss their 2023 financial median reports for the acute health care sector. Registration Is Now Openhttps://lnkd.in/eG7bzaCi