S&P Dow Jones Puts Indonesia, Turkey on Market Downgrade Watchlist
SPGI sits 23% above its 52-week low of $360.945.
Summary
S&P Dow Jones Indices, a division of S&P Global, has placed Indonesia and Turkey on a watchlist for a potential downgrade from emerging to frontier market status due to market transparency and other issues. This decision by a major index provider, a core business for S&P Global, impacts global market classifications and investor sentiment towards these countries. Rival MSCI had previously placed Indonesia under review for a similar downgrade.
At the time of this announcement, SPGI was trading at $443.38 on NYSE in the Finance sector, with a market capitalization of approximately $131.3B. The 52-week trading range was $360.94 to $547.70. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.