Disclosures | S&P Global Ratings

Form NRSRO

On September 24, 2007, the U.S. Securities and Exchange Commission granted the registration of S&P Global Ratings as a nationally recognized statistical rating organization ("NRSRO") under the U.S. Credit Rating Agency Reform Act of 2006 (the "Act").

View Form NRSRO

S&P GLOBAL INC. SHAREHOLDERS & BOARD OF DIRECTORS

Quarterly Reporting of Shareholders Owning 5% or More of S&P Global Inc. Outstanding Common Stock And S&P Global Inc.'s Board of Directors and Their Affiliations and Board Memberships with Various Entities

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Click here for S&P Global Ratings Argentina Regulatory disclosures

S&P Global Ratings has an Australian Financial Services Licence for providing Credit Ratings in Australia. The following documents fulfill regulatory commitments in support of enhancing transparency of S&P Global Ratings' business operations in Australia, which are currently conducted through S&P Global Ratings Australia Pty. Limited.

Ratings Methodologies and Assumptions

Criteria Requests for Comments

Requests for Comment

Requests for Comment Responses

Information on the criteria which S&P Global Ratings in Australia uses in its credit rating activities.

Table of Contents: S&P Global Ratings' – Ratings Criteria

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in Australia.

S&P Global Ratings' Product Descriptions

Potential Conflicts of Interest

Information on potential conflicts of interest at S&P Global Ratings in Australia

S&P Global Ratings' Conflicts of Interest

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in Australia.

Compensation Arrangements

Proportion of Compensation Received from Clients Unrelated to Ratings Services Versus Total Fees

Code of Conduct

S&P Global Ratings Code of Conduct-Australia

S&P Global Ratings Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in Australia.

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Ratings Release

Issuer Notification (including Issuer Appeals)

Unsolicited Ratings Policies

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Other Disclosures

Australia Rated Entities or Related Third Parties Accounting for 10% or More of Total Annual Revenue

Credit Ratings Performance Measurement Statistics

Credit rating performance measurement statistics are disclosed in Exhibit 1 of United States Securities and Exchange Commission Form NRSRO.

Form NRSRO

Click here for S&P Global Ratings Brazil Regulatory disclosures

S&P Global Ratings Canada, a business unit of S&P Global Canada Corp., has been designated as a Designated Rating Organization in Canada. The following documents fulfill regulatory commitments in support of enhancing transparency of S&P Global Ratings' business operations in Canada.

Ratings Methodologies, Models, and Assumptions

Information on the models and criteria which S&P Global Ratings in Canada uses in its credit rating activities.

Table of Contents: S&P Global Ratings' Credit Ratings Models

Table of Contents: S&P Global Ratings' – Ratings Criteria

Structured Finance Disclosure Site

Information about certain structured finance products submitted to S&P Global Ratings Canada for initial review or for preliminary rating.

Regulatory Disclosures for Canada Structured Finance Ratings

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in Canada.

S&P Global Ratings' Product Descriptions

Potential Conflicts of Interest

Information on potential conflicts of interest at S&P Global Ratings in Canada.

S&P Global Ratings' Conflicts of Interest

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in Canada.

Compensation Arrangements

Code of Conduct

S&P Global Ratings Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in Canada.

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Ratings Release

Issuer Notification (including Issuer Appeals)

Unsolicited Ratings Policies

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Credit Ratings Performance Measurement Statistics

Credit rating performance measurement statistics are disclosed in Exhibit 1 of United States Securities and Exchange Commission Form NRSRO.

Form NRSRO

S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company is registered with the European Securities and Markets Authority (ESMA) as a credit rating agency (CRA) under Regulation (EC) No. 1060/2009 as amended (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by ESMA-registered CRAs may be usable in the EU for certain regulatory purposes.

S&P Global Ratings is committed to the transparency of its business operations in the European Union. As part of this commitment to the regulatory community and the markets, S&P Global Ratings from time to time discloses information about its rating methodologies, publication schedules, and other matters. A listing of these disclosures follows below.

Endorsement of Credit Ratings

Ratings Methodologies, Models, and Assumptions

Criteria Requests for Comments

Requests for Comment

Requests for Comment Responses

Information on the models and criteria which S&P Global Ratings in the EU uses in its credit rating activities.

Table of Contents: S&P Global Ratings' Credit Ratings Models

Table of Contents: S&P Global Ratings' – Ratings Criteria

Calendar of Publication Dates for Sovereign, Regional & Local Government Ratings

This calendar sets out dates for the publication of credit rating actions on sovereign ratings and related rating outlooks. S&P Global Ratings has nominated two or three publication dates for each sovereign it currently rates from Europe, the Middle East and Africa, including sovereigns that have solicited and unsolicited ratings. As required by regulation, all such publication dates are on Fridays and deviation from the calendar is only permitted in exceptional circumstances, to meet regulatory obligations. Any deviation would be accompanied by a detailed explanation.

Calendar of Publication Dates For Sovereign, Regional & Local Government Ratings

Initial Reviews and Preliminary Ratings Disclosure List

Information about certain entities or debt instruments submitted to S&P Global Ratings Europe Limited for initial review or preliminary rating.

Initial Reviews and Preliminary Ratings Disclosure List

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in the EU.

S&P Global Ratings' Product Descriptions

Potential Conflicts of Interest

Information regarding potential conflicts of interest at S&P Global Ratings in the EU.

S&P Global Ratings' Conflicts of Interest

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in the EU.

Compensation Arrangements

Code of Conduct

S&P Global Ratings Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in the EU.

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Ratings Release

Issuer Notification (including Issuer Appeals)

S&P Global Ratings has a Type 10 License for providing Credit Rating Services in Hong Kong. The following documents fulfill regulatory commitments in support of enhancing transparency of S&P Global Ratings' business operations in Hong Kong, which are currently conducted through S&P Global Ratings Hong Kong Limited.

Ratings Methodologies and Assumptions

Information on the criteria which S&P Global Ratings in Hong Kong uses in its credit rating activities.

Table of Contents: S&P Global Ratings' – Ratings Criteria

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in Hong Kong.

S&P Global Ratings' Product Descriptions

Potential Conflicts of Interest

Information regarding potential conflicts of interest at S&P Global Ratings in Hong Kong.

Potential Conflicts of Interest

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in Hong Kong.

Compensation Arrangements

Proportion of Compensation Received from Clients Unrelated to Ratings Services Versus Total Fees

Complaints Handling

Hong Kong Complaints Handling Process

Code of Conduct

S&P Global Ratings Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in Hong Kong.

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Ratings Release

Issuer Notification (including Issuer Appeals)

Unsolicited Ratings Policies

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Annual Disclosures

Hong Kong Annual Transparency Report

Other Disclosures

Hong Kong Rated Entities or Related Third Parties Accounting for 5% or More of Total Annual Revenue

Credit Ratings Performance Measurement Statistics

Credit rating performance measurement statistics are disclosed in Exhibit 1 of United States Securities and Exchange Commission Form NRSRO.

Form NRSRO

Click here for S&P Global Ratings Maalot's Regulatory disclosures

Click here for S&P Global Ratings Japan Regulatory disclosures

Code of Conduct for ESG Evaluation and Data Providers

Click here for S&P Global Ratings Mexico Regulatory disclosures

Ratings Methodologies and Assumptions

Information on the criteria which S&P Global Ratings in Singapore uses in its credit rating activities.

Table of Contents: S&P Global Ratings' – Ratings Criteria

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in Singapore.

S&P Global Ratings' Product Descriptions

Potential Conflicts of Interest

Information on potential conflicts of interest at S&P Global Ratings in Singapore.

Conflicts of Interest

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in Singapore.

Compensation Arrangements

Proportion of Compensation Received from Clients Unrelated to Ratings Services Versus Total Fees

Code of Conduct

S&P Global Ratings Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in Singapore.

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Ratings Release

Issuer Notification (including Issuer Appeals)

Unsolicited Ratings Policies

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Annual Disclosures

Singapore Annual Transparency Report

Other Disclosures

Singapore Rated Entity or Related Third Parties Accounting for 5% or More of Total Annual Revenue

Credit Ratings Performance Measurement Statistics

Credit rating performance measurement statistics are disclosed in Exhibit 1 of United States Securities and Exchange Commission Form NRSRO.

Form NRSRO

S&P Global Ratings conducts its credit rating activities in South Africa through S&P Global Ratings Europe Ltd (“SPGRE”), an Irish company, and in particular through its branch established in South Africa which is licensed by the Financial Sector Conduct Authority as of 6 May 2014 (license number FSCA-CRA005) in terms of section 5 of the Credit Rating Services Act, 2012 (Act No. 24 of 2012).

In accordance with our Surveillance Policy, all outstanding credit ratings issued by the SPGRE South Africa Branch are subject to ongoing and at least annual review.

The following documents fulfill regulatory commitments and enhance transparency of S&P Global Ratings' business operations in South Africa.

Ratings Methodologies, Models, and Assumptions

Criteria Requests for Comment

Information on the models and criteria which S&P Global Ratings in South Africa uses in its credit rating activities.

Table of Contents: S&P Global Ratings' Credit Ratings Models

Table of Contents: S&P Global Ratings' – Ratings Criteria

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in South Africa.

S&P Global Ratings' Product Descriptions

Potential Conflicts of Interest

Information regarding potential conflicts of interest at S&P Global Ratings in South Africa.

Potential Conflicts of Interest

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in South Africa.

Compensation Arrangements

Code of Conduct

S&P Global Ratings Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in South Africa.

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Ratings Release

Issuer Notification (including Issuer Appeals)

Unsolicited Ratings Policies

Assignment of Credit Ratings

Withdrawal, Discontinuance and Suspension Policy

Annual Report

2022 South Africa Annual Report June 2023

2021 South Africa Annual Report June 2022

2020 South Africa Annual Report June 2021

2019 South Africa Annual Report June 2020

2018 South Africa Annual Report June 2019

2017 South Africa Annual Report June 2018

Credit Ratings Performance Measurement Statistics

Credit rating performance measurement statistics are disclosed in Exhibit 1 of United States Securities and Exchange Commission Form NRSRO.

Form NRSRO

Other Disclosures

Material Modifications to Systems, Resources and Procedures

S&P Global Ratings UK Limited (SPGRUK), is registered with the Financial Conduct Authority (FCA) as a credit rating agency (CRA) under the Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019 (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by FCA-registered CRAs may be usable in the UK for certain regulatory purposes.

S&P Global Ratings is committed to the transparency of its business operations in the United Kingdom. As part of this commitment to the regulatory community and the markets, S&P Global Ratings from time to time discloses information about its rating methodologies, publication schedules, and other matters. A listing of these disclosures follows below.

Endorsement of Credit Ratings

Ratings Methodologies, Models, and Assumptions

Criteria Requests for Comments

Requests for Comment

Requests for Comment Responses

Information on the models and criteria which S&P Global Ratings uses in its credit rating activities.

Table of Contents: S&P Global Ratings' Credit Ratings Models

Table of Contents: S&P Global Ratings' – Ratings Criteria

Calendar of Publication Dates for Sovereign, Regional & Local Government Ratings

This calendar sets out publication dates for sovereign ratings and related rating outlooks. S&P Global Ratings has nominated two or three publication dates for each sovereign it currently rates from Europe, the Middle East and Africa, including sovereigns that have solicited and unsolicited ratings. As required by regulation, all publication dates are on Fridays and deviation from the calendar is only permitted in exceptional circumstances, to meet regulatory obligations. Any deviation would be accompanied by a detailed explanation.

Calendar of Publication Dates For Sovereign, Regional & Local Government Ratings