SPGI · 10-Q · 2026Q2 · Full report

Ratings performance

S&P Global Inc. · 2026-07-28 · Importance 54 · Surprise 40

Ratings revenue increased 17% in the second quarter and 15% for the six months ended June 30, 2026, driven by higher transaction and non-transaction revenue. Corporate bond ratings revenue benefited primarily from strong investment-grade issuance, with additional growth from bank loan ratings and structured finance. Surveillance revenue, Ratings Evaluation Service activity, Crisil revenue, and improved contract terms across product categories also supported demand.