Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  S&P Global Inc.    SPGI

S&P GLOBAL INC.

(SPGI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

S&P Global : Angola With Low Debt Default

share with twitter share with LinkedIn share with facebook
09/16/2020 | 04:06am EDT

Angola has a low risk of failing to pay its sovereign debt, thanks to ongoing reforms, according to a recent assessment made by the three main international rating agencies, namely S&P, Fitch and Moody's.

The three agencies recently made an update and assessment of Angola's sovereign risk, and confirmed the stabilisation prospect, as a result of ongoing reforms.

In this regard, the Finance Ministry released a press note explaining the ratings produced by the three main agencies, confirming that the stabilisation prospects are the result of ongoing reforms.

The Finance Ministry produced to creditors the steps of its response to the continuous impact of the covid-19 pandemic on the country's macroeconomic indicators, including its debt management strategies.

On 7 August, following a regular review, S&P Global placed the long and short term rating in local and foreign currencies at CCC+/C, with a "stable" prospect.

The agency considers the country's successful performance in its relations with official creditors as the most important measure adopted to balance the risks associated with major external fund needs.

On 3 September 2020, Fitch Ratings announced its assessment with a drop in Angola's Long Term Rating in foreign currency at "CCC".

The CCC rating means that although the economy remains vulnerable to external shocks, the default risk over a two years period is still low, reads a note that reached Angop.

Fitch also placed Angola's ceiling limit at B-, a degree higher as compared to the long term rating.

The agency explains this with the country's low ability to control the exchange rate and other measures that would reduce the private sector's access to foreign values or pay debts.

For its part, on 8 September 2020, Moody's announced a fall in the long term rating in local and foreign currency at Caa1, with a "stable" prospect.

According to the Finance Ministry, the rating agency's assessment shows an unprecedented condition in the Angolan economy and the country's financial position caused by the global pandemic and the oil prices plunges.

Moody's considers that, despite all setbacks, the Government has managed to maintain its consolidation effort that, along with ongoing structural reform and multilateral assistance could greatly help reduce the external weaknesses and the liquidity risks in coming few year.

Despite the various rating agencies' reference to the permanent pressures on the Angolan economy caused by the pandemic and the successive falls in the oil prices, all agencies recognise the significant efforts made by Angolan government in terms of structural reforms, multilateral assistance and progresses scored in the framework of the IMF Programme, the note also reads.

Copyright Angola Press Agency. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

share with twitter share with LinkedIn share with facebook
All news about S&P GLOBAL INC.
09/25S&P GLOBAL : Chesapeake Utilities to Join S&P SmallCap 600
PR
09/25S&P GLOBAL : easyJet Affirmed At 'BBB-' Despite Sharp Fall In Air Passenger Traf..
AQ
09/25S&P GLOBAL : Connect Plus (M25) Outlook Revised To Negative On Higher Lifecycle ..
AQ
09/25S&P GLOBAL : Finalists Announced for 22nd Annual 2020 S&P Global Platts Global E..
PR
09/21S&P GLOBAL : Fulgent Genetics Set to Join S&P SmallCap 600
PR
09/21S&P GLOBAL : Airline Group IAG Affirmed At 'BB' Due To Capital Increase Offsetti..
AQ
09/21S&P GLOBAL : Trucost Climate Analytics and Environmental Data now Integrated int..
PR
09/18S&P GLOBAL : Global Auto Sales Forecast To Fall By 20% This Year, Report Says
AQ
09/16S&P GLOBAL : Market Intelligence Expands SME Data Coverage with 10 million Europ..
PR
09/16S&P GLOBAL : Angola With Low Debt Default
AQ
More news
Financials (USD)
Sales 2020 7 182 M - -
Net income 2020 2 547 M - -
Net Debt 2020 521 M - -
P/E ratio 2020 33,4x
Yield 2020 0,76%
Capitalization 85 013 M 85 013 M -
EV / Sales 2020 11,9x
EV / Sales 2021 11,4x
Nbr of Employees 22 500
Free-Float 82,7%
Chart S&P GLOBAL INC.
Duration : Period :
S&P Global Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends S&P GLOBAL INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 373,00 $
Last Close Price 352,85 $
Spread / Highest target 18,5%
Spread / Average Target 5,71%
Spread / Lowest Target -21,8%
EPS Revisions
Managers
NameTitle
Douglas L. Peterson President, Chief Executive Officer & Director
Charles Edgar Haldeman Non-Executive Chairman
Ewout L. Steenbergen Chief Financial Officer & Executive Vice President
Nicholas Cafferillo Chief Data & Technology Officer
Sitarama Swamy Kocherlakota Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
S&P GLOBAL INC.29.23%85 013
RELX PLC-9.05%42 524
THOMSON REUTERS CORPORATION13.27%38 960
WOLTERS KLUWER12.55%22 467
EQUIFAX INC.11.63%18 997
TRANSUNION-5.16%15 434