Jim Cramer chats with S&P International CEO Doug Peterson to get a learn on the monetary data and analytics firm.
Peterson mentioned the U.S. financial system is robust with full employment and low rates of interest. Whereas companies, corresponding to Robinhood, are molding a brand new era of traders, S&P is engaged on new rankings and merchandise associated to environmental, social and company points.
As an illustration, industries corresponding to cruise ships will face new laws on sulfur emissions in 2020, Peterson mentioned. S&P will then price cruise firms primarily based on how effectively they comply. The rankings company focuses on truth and transparency on probably the most important points, Peterson mentioned.
S&P can be rising in China however operates as a 100% U.S.-owned rankings company, Peterson mentioned. Nonetheless, some traders noticed pink flags pertaining to securitization of auto loans. Peterson mentioned S&P is watching the auto mortgage trade intently and searching for related patterns to the mortgage securities that led to the monetary disaster.
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