NEW
YORK, Sept. 3, 2024 /PRNewswire/ -- As part of
an industry-wide investigation into off-channel communications by
the U.S Securities and Exchange Commission ("SEC"), S&P Global
Ratings ("SPGR"), a division of S&P Global (NYSE: SPGI), and
certain other nationally recognized statistical rating
organizations ("NRSROs"), today reached a settlement to resolve
violations of recordkeeping rules. The matter was previously
disclosed by S&P Global in its public filings.
SPGR agreed to pay a penalty of USD 20
million as part of the resolution. In the SEC's order, the
SEC recognized SPGR's remedial acts and its cooperation with the
SEC staff.
SPGR is pleased to have concluded this matter. SPGR takes
compliance with regulatory obligations very seriously and is
committed to the integrity of its ratings process and high-quality
independent credit ratings.
ABOUT S&P GLOBAL RATINGS
S&P Global Ratings is the world's leading provider of
independent credit ratings. Our ratings are essential to driving
growth, providing transparency and helping educate market
participants so they can make decisions with confidence. We have
more than 1 million credit ratings outstanding on government,
corporate, financial sector and structured finance entities and
securities. We offer an independent view of the market built on a
unique combination of broad perspective and local insight. We
provide our opinions and research about relative credit risk;
market participants gain independent information to help support
the growth of transparent, liquid debt markets worldwide. S&P
Global Ratings is a division of S&P Global (NYSE: SPGI), which
provides essential intelligence for individuals, companies and
governments to make decisions with confidence. For more
information, visit www.spglobal.com/ratings.
Media Contact:
Christopher Krantz
Tel: +44 7976 632 638
christopher.krantz@spglobal.com
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SOURCE S&P Global Ratings