Latest news with #S&P Global
Economy ME
2 days ago
- Business
- Economy ME
China maintains A+ credit rating from S&P Global as growth projections remain positive
Ratings agency S&P Global on Thursday reaffirmed China's long-term credit rating at A+ and indicated that its robust fiscal stimulus will help maintain resilient economic growth despite challenges from the property sector and tariff pressures. S&P stated that the outlook for China's rating is 'stable.' 'The stable outlook on the long-term sovereign credit rating reflects our view that China will return to self-sustaining economic growth of 4 percent or more annually over the next one to two years,' S&P remarked in a statement. 'This will allow the government to gradually reduce policy support for the economy over the next several years.' S&P noted that it could lower China's rating if it anticipates the government will pursue larger fiscal stimulus over the next three to five years, but may elevate the rating if fiscal consolidation occurs more rapidly than expected. S&P also confirmed China's 'A-1' short-term foreign and local currency sovereign credit rating. China's finance ministry expressed its appreciation for S&P's reaffirmation of China's sovereign credit ratings and committed to 'dynamically' adjust policy reserves while striving to meet the annual growth target. In April, Fitch downgraded China's sovereign credit rating, citing rapidly increasing government debt and risks to public finances, as policymakers prepare to protect the economy from rising U.S. tariffs. The world's No. 2 economy grew at a slightly faster pace than anticipated in the second quarter. However, preliminary economic data for July have shown mixed results, with manufacturing activity contracting for a fourth consecutive month, even as exports experienced an unexpected boost. Read more: China-Arab trade volume hits $407.4 billion in 2024, up 2.3 percent YoY Fiscal approach for economic resilience Additional information reveals that despite the challenges faced by China's economy, including persistent headwinds from the property market and elevated tariff pressures, S&P Global's confidence in China's economic fundamentals remains underscored by its recent affirmation of the A+ rating. S&P's outlook anticipates China maintaining a fiscal approach that supports gradual economic resilience, emphasizing the government's capacity to manage policy support prudently over the coming years. The affirmation reflects confidence in China's pursuit of self-sustaining growth at or above 4 percent annually, a forecast that aligns with multiple other financial institutions' projections, including adjustments made by leading global banks and the International Monetary Fund amid fluctuating trade dynamics and policy measures. Goldman Sachs Research projects China's GDP growth in 2025 at approximately 4.5 percent, slightly moderating from 4.9 percent in 2024, with ongoing risks tied to increased U.S. tariffs partially offset by targeted fiscal stimulus measures from Beijing. Their analysis highlights that the structural challenges facing China's property sector will likely continue to weigh on growth, with the property drag potentially subtracting close to 2 percentage points from GDP growth in 2025. Meanwhile, export growth is expected to decelerate markedly due to heightened tariff barriers, even as China's strong price competitiveness and diversification to non-U.S. markets provide some cushion.
Yahoo
2 days ago
- Business
- Yahoo
S&P Global brings together Artificial Intelligence and Private Asset Portfolio Management with iLEVEL Document Search
New AI-powered capability transforms how private market investors surface portfolio intelligence — reinforcing S&P Global's leadership in delivering enterprise-grade GenAI solutions to financial professionals NEW YORK, Aug. 7, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the launch of iLEVEL Document Search, a new AI-powered search capability that enables private market investment professionals to extract intelligence from investment documents using natural language queries. This innovative tool transforms asset managers' ability to explore and understand the factors that shape portfolio performance, facilitating faster, more informed decisions. With private equity firms holding record levels of dry powder while existing portfolios remain in a prolonged holding pattern, iLEVEL Document Search addresses the critical need for deeper portfolio intelligence. Users can now query all documents stored in iLEVEL's Document Library, including board decks, quarterly financials, annual financials and fund financials. The tool leverages advanced AI-driven data extraction technology to democratize data by unlocking previously hidden insights and breaking down information silos. Key capabilities include: Natural Language Querying: Users can ask open-ended questions about their portfolios, enabling exploration beyond traditional templates or pivot tables. Annotations for Traceability: All search results include granular annotations linking every data point to original sources. Permissions-Based Search Results for Confidentiality: Results restrict access based on user credentials, maintaining confidentiality of sensitive materials while delivering a seamless search experience. "We're moving from an era of portfolio monitoring to one of portfolio intelligence," said Christopher Sparenberg, Head of iLEVEL, S&P Global Market Intelligence. "With deal flow at multi-year lows and exit windows tightening, the firms that will thrive are those that can unlock the 'unknown unknowns' in their existing portfolios to create differentiated value. iLEVEL Document Search enables investment teams to discover new opportunities and identify risks to make decisions with conviction." The launch of iLEVEL Document Search builds on recent enhancements to the platform, including Automated Data Ingestion, and Capital Structure Analysis, Covenant Monitoring and Financial Spreading as part of the iLEVEL Credit solution. These enhancements represent S&P Global's ongoing commitment to providing a comprehensive suite of solutions to the private markets industry, with offerings spanning private company data, valuations, risk analytics and portfolio management services designed to drive investment and operational alpha. To learn more about S&P Global's private markets insights and offerings, visit here. Media Contacts: Orla O'BrienS&P Global+1 Erina AoyamaS&P Global Market Intelligence+1 917 755 About S&P Global 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 sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges and Accelerate Progress for the world. 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. For more information, visit View original content to download multimedia: SOURCE S&P Global Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
2 days ago
- Business
- Reuters
S&P affirms China's sovereign credit rating at A+ with stable outlook
Aug 7 (Reuters) - Ratings agency S&P Global on Thursday affirmed China's long-term credit rating at A+ and said its strong fiscal stimulus will keep economic growth resilient amid headwinds from the property sector and tariff pressures. S&P said the outlook on China's rating is "stable." "The stable outlook on the long-term sovereign credit rating reflects our view that China will return to self-sustaining economic growth of 4% or more annually over the next one to two years," S&P said in a statement. "This will allow the government to gradually reduce policy support for the economy over the next several years." S&P said it could lower China's rating if it expects the government to pursue larger fiscal stimulus over the next three to five years, but may raise the rating if fiscal consolidation proceeds faster than anticipated. S&P also affirmed China's "A-1" short-term foreign and local currency sovereign credit rating. China's finance ministry said on Thursday it was glad to see S&P had reaffirmed China's sovereign credit ratings, and pledged to "dynamically" adjust policy reserves and strive to achieve the annual growth target. In April, Fitch downgraded China's sovereign credit rating, citing rapidly rising government debt and risks to public finances, as policymakers gear up to shield the economy from rising U.S. tariffs. The world's No.2 economy grew at a slightly faster pace than expected in the second quarter. But July economic data so far have been mixed, with manufacturing activity shrinking for a fourth straight month even as exports posted an unexpected surge.
Reuters
2 days ago
- Business
- Reuters
S&P affirms China's debt rating at A+
Aug 7 (Reuters) - Ratings agency S&P Global on Thursday affirmed China's long-term debt rating at A+ and said its strong fiscal stimulus will keep economic growth resilient amid headwinds from the property sector and tariff pressures. S&P said the outlook on China's rating is "stable."
Yahoo
3 days ago
- Business
- Yahoo
Canada's services PMI rises to eight-month high in July as business confidence improves
TORONTO (Reuters) -The downturn in Canada's services economy eased in July as the pace of decline in new business activity slowed and firms grew more optimistic about the outlook for activity, S&P Global's Canada services PMI data showed on Wednesday. The headline Business Activity Index rose to 49.3 last month from 44.3 in June. That marked the highest level since November but still indicated a deterioration in activity. A reading below 50 shows contraction in the sector. 'The latest S&P Global Canada Services PMI provides reasons for hope that the challenging period faced by companies may be easing off," Andrew Harker, economics director at S&P Global Market Intelligence, said in a statement. The U.S. has increased tariffs on Canadian goods to 35% from 25%, but products covered by the U.S.-Mexico-Canada Agreement are exempt from duties. About 90% of Canadian exports to the U.S. in May were exempt under that trade agreement. The new business index rose to 48.7 last month from 46.6 in June, while the measure of future activity was at 60.9, up from 54.9, amid hopes for more stable market conditions. Some firms expected next year's FIFA World Cup soccer tournament to provide a boost. 'A jump in business confidence and another month of hiring suggests that firms may be gearing up for a return to growth in the near future, something which is sorely needed given the difficulties faced by companies over the first half of the year,' Harker said. The S&P Global Canada Composite PMI Output Index rose to 48.7 last month from 44.0 in June, posting its highest level since January. Data on Friday showed that Canada's manufacturing sector contracted for a sixth straight month in July. The S&P Global Canada Manufacturing PMI edged up to 46.1 in July from 45.6 in June. Sign in to access your portfolio
