S&P Global

Some of the key events about S&P Global

• 1860

  Founded as a financial publishing house in New York City
• 1941

  Acquired Poor's Publishing, forming Standard & Poor's
• 1966

  Launched the S&P 500 index, a key benchmark for the U.S. stock market
• 1975

  Faced criticism for rating New York City bonds as investment grade shortly before the city's financial crisis
• 1984

  Introduced the first municipal bond rating service
• 2001

  Downgraded Enron's credit rating only days before the company's collapse, raising questions about rating timeliness
• 2008

  Criticized for giving high ratings to mortgage-backed securities that later defaulted during the financial crisis
• 2011

  Launched the S&P Global Clean Energy Index
• 2011

  Downgraded U.S. credit rating from AAA to AA+, causing global market turmoil
• 2012

  Acquired Platts, a leading provider of energy and commodities information
• 2013

  Accused by the U.S. Department of Justice of fraudulently inflating ratings of mortgage investments
• 2015

  Paid $1.5 billion to settle lawsuits related to inflated ratings during the 2008 financial crisis
• 2016

  Rebranded as S&P Global to reflect its broader scope of services
• 2016

  Fined $35 million by the SEC for alleged conflicts of interest in commercial mortgage-backed securities ratings
• 2017

  Downgraded China's credit rating, sparking criticism from Chinese officials
• 2018

  Introduced ESG (Environmental, Social, and Governance) scores for companies
• 2018

  Barred from rating certain commercial mortgage bonds for alleged violations of industry standards
• 2020

  Launched the S&P 500 ESG Index
• 2021

  Agreed to pay $2.5 million penalty to settle SEC charges over CMBS ratings
• 2022

  Completed merger with IHS Markit, expanding its data and analytics capabilities

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.