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Stock impact report

Deep Dive: Distressed investors weigh risks and opportunities from Iran war [Yahoo! Finance]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Company Research Source: Yahoo! Finance
At the close on April 3, following a recent rally, major US stock indices are down around 3.5-5.0% since the war began. Meanwhile, the yield on the 10-year US Treasury note increased by roughly 50 bps in the month following the start of the war. But what is bad for the market isn't necessarily bad for distressed-debt investors. Credit market professionals indicate that the distressed asset class may see its opportunity set expand due to the fighting, as rising interest rates and higher commodity costs impinge on cash flows — and therefore raise the refinancing risk — of highly leveraged companies. S&P Global Ratings recently stated that “prolonged” combat in the Middle East could disrupt supply chains, raise inflationary pressures, and negatively impact business and consumer confidence, therefore “adding to credit strain.” Capital availability For starters, Iran's partial shutdown of the Strait of Hormuz has caused oil prices to skyrocket (at this writing, West Texas Interme Show less Read more
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