S&P Global and CME Group have agreed to sell OSTTRA, their jointly owned post-trade infrastructure firm, to investment funds managed by KKR in a deal valuing the company at $3.1 billion in total enterprise value. The transaction, expected to close in the second half of 2025 pending regulatory approvals, will see proceeds split evenly between S&P…
All posts tagged S&P Global
S&P Global upgrades Petropavlovsk PLC ratings with stable outlook on solid performance
LONDON: Petropavlovsk PLC announced that S&P Global Ratings (S&PGR) has upgraded its long-term issuer credit and issue ratings on Petropavlovsk and its senior unsecured bonds to ‘B’ from ‘B-‘ with a stable outlook. In its announcement, S&PGR highlighted its decision to upgrade Petropavlovsk’s issuer rating was based on its expectations the Company “will continue to…