S&P Global raises annual earnings forecast as bond-issuance activity surges

S&P Global raised its full-year earnings outlook as the firm’s ratings business benefitted from robust corporate bond issuance around the globe. According to the company, tighter credit spreads and rising debt-maturities led to strong demand for ratings services in Q3. S&P Global’s stock climbed 2.4% in early trading on the announcement. Analysts say the backdrop of high-volume debt markets and data-services growth supports the upgrade, while highlighting the role of fixed-income structuring and M&A as drivers of future earnings expansion.