S&P Global: Guidance Raise Is Highly Likely Due To Strong Ratings Growth (Rating Upgrade)

Chunumunu In my initiation report published in September 2023, I highlighted S&P Global's (NYSE:SPGI) diversified portfolios, and anticipated that the global debt issuance would begin to stabilize. S&P Global delivered 6% organic revenue growth in FY23, with Ratings business growing at 9% year-over-year, and they guide 7-9% organic revenue growth with 100bps margin expansion for FY24. I expect the growth in their Ratings business to exceed their guidance in FY24. I am upgrading to 'Strong Buy' rating with a ...