S&P Global Inc. (SPGI) - NYSE
  • Sep. 26, 2011, 6:50 AM
    McGraw-Hill (MHP) discloses receipt of a Wells Notice from the SEC. Officials are considering a civil injunctive action against McGraw's S&P over the rating of a CDO.
    | Sep. 26, 2011, 6:50 AM | 1 Comment
  • Sep. 14, 2011, 10:46 AM
    Following McGraw-Hill's (MHP +1.5%) announcement earlier this week it will split into two, shares of firms specializing in online education are bucking a summer-long downward trend and posting some gains today. Education Management (EDMC +13.1%) is leading the pack on M&A chatter with CECO +2%, COCO +3%, DV +1.4% and APOL +1.6% all trailing along.
    | Sep. 14, 2011, 10:46 AM
  • Sep. 13, 2011, 1:43 PM

    Fitch lowers its credit rating on McGraw-Hill (MHP +2.2%) to A-minus with negative outlook. The agency expressed concerns about the company's buyback plan and the limited information forthcoming for a financial policy following its plan to split into two companies.

    | Sep. 13, 2011, 1:43 PM | 2 Comments
  • Sep. 12, 2011, 6:43 AM

    McGraw-Hill (MHP) will unleash shareholder value by splitting into two companies - McGraw-Hill Markets and McGraw-Hill Education. The move - which was floated in Aug. - will allow the "pure plays" to leverage their businesses, cut costs, and shrink share floats. (PR)

    | Sep. 12, 2011, 6:43 AM | 1 Comment
  • Sep. 7, 2011, 3:21 AM

    S&P (MHP) met large bond investors such as PIMCO, TCW, Western Asset Management and BlackRock before it downgraded the U.S., and left some of them with the belief that the probability of a ratings cut was higher than previously thought.

    | Sep. 7, 2011, 3:21 AM | 3 Comments
  • Aug. 26, 2011, 1:51 PM

    The U.S. needs more economic stimulus, Joe Biden says, the first remark by an administration official to signal Pres. Obama likely will unveil a broad-based plan next month to boost job growth and the economy. On S&P's (MHP) announced leadership change, Biden's "instinct" says pressure came from businesses angered by the U.S. debt downgrade.

    | Aug. 26, 2011, 1:51 PM | 24 Comments
  • Aug. 24, 2011, 11:10 AM
    McGraw-Hill (MHP +5.3%) shares move up on fresh breakup talk, as Bloomberg states the case that the textbook publisher and S&P owner would be worth at least 40% more if split into pieces. MHP has “value that isn’t being reflected in the market," Michael Holland says. "The CEO and the board have to consider [a breakup] if they want to unlock value." (earlier)
    | Aug. 24, 2011, 11:10 AM | 1 Comment
  • Aug. 22, 2011, 9:17 PM

    S&P (MHP) president Deven Sharma will be stepping down and leaving the ratings agency at the end of the year, according to individuals familiar with the matter. He's to be replaced by Douglas Peterson, chief operating officer of Citibank.

    | Aug. 22, 2011, 9:17 PM | 6 Comments
  • Aug. 22, 2011, 4:56 PM

    A pair of institutional shareholders call for breaking up McGraw-Hill (MHP) - splitting education, information and media businesses off from Standard & Poor's ratings, which they say needs a "well-known independent oversight figure" to help improve relations with regulators and the public amid U.S. downgrade fallout. MHP was exploring an education spinoff; shares +0.9% AH. (SEC filing)

    | Aug. 22, 2011, 4:56 PM | 3 Comments
  • Aug. 18, 2011, 3:23 AM

    The Justice Department is reportedly investigating whether S&P (MHP) improperly rated dozens of mortgage securities prior to the financial crisis. The probe began before S&P downgraded the U.S. The SEC is also investigating S&P for any wrongdoing, and possibly Moody's (MCO) and Fitch (FMLCF.PK) as well.

    | Aug. 18, 2011, 3:23 AM | 8 Comments
  • Aug. 17, 2011, 11:34 AM
    McGraw-Hill (MHP +2%) is exploring a separation of its education business, which has been struggling amid state budget cuts, WSJ reports. An assessment of the education business would be part of a broader operations review McGraw-Hill reportedly began at the end of last year.
    | Aug. 17, 2011, 11:34 AM
  • Aug. 12, 2011, 4:36 PM
    WSJ examines how often credit ratings agencies have managed to predict that a country would default on its bonds, and the results are not impressive. Examples: A year before Russia, Argentina and Jamaica defaulted, credit ratings indicated a low chance for such an event.
    | Aug. 12, 2011, 4:36 PM | 2 Comments
  • Aug. 12, 2011, 3:29 AM

    The SEC reportedly starts a preliminary inquiry into potential insider trading over S&P's (MHP) U.S. downgrade, asking the firm who knew about the ratings cut before it was announced. However, proving a leak could be difficult, as many traders anticipated the downgrade. (previous)

    | Aug. 12, 2011, 3:29 AM
  • Aug. 10, 2011, 8:40 AM
    S&P (MHP) is pushing back against a plan to make credit raters disclose "significant errors" in how they calculate their ratings. How much sympathy S&P will get following its "$2T error" is another matter. Interestingly, Moody's (MCO) and Fitch (FMLCF.PK) haven't raised major concerns.
    | Aug. 10, 2011, 8:40 AM
  • Aug. 8, 2011, 3:28 PM
    McGraw-Hill (MHP -7.7%) suffers from guilt-by-association, as the parent company of S&P gets hit by criticism from government officials over the ratings agency's downgrade of the U.S. sovereign credit rating.
    | Aug. 8, 2011, 3:28 PM | 3 Comments
  • Aug. 8, 2011, 11:37 AM

    Legg Mason's Bill Miller issues a scathing critique of S&P’s downgrade, calling it “precipitous, wrong, and dangerous," and urging Congress to end the "oligopoly" of NRSROs "before they contribute to or ignite another financial crisis." This sentiment likely is another reason shares of McGraw-Hill (MHP -6.1%) and Moody's (MCO -6.4%) are sharply lower.

    | Aug. 8, 2011, 11:37 AM | 12 Comments
Company Description
McGraw Hill Financial, Inc. is a content and analytics provider serving the capital, commodities and commercial markets. The capital markets include asset managers, banks, exchanges, issuers and financial advisors; the commodities markets include producers, traders and intermediaries within... More
Sector: Services
Country: United States