S&P Capital IQ Pro Professional Services Segment Release Highlights
Table of Contents Fixed Income
What’s new: In this release, we integrated more than 19.4 million Government, Supranational, Agency, and Corporate securities from Markit, enhancing our Pricing, Analytics and Reference data coverage. In addition, we refined certain reference data to be more granular and descriptive. This includes nomenclature adjustments for fields like Bond Type, Coupon Type, Coupon Interest Frequency, Green Bond Type, Ownership Type, and Default Type, as well as modifications to historical pricing for select securities. As these fields are integral to Search, Dashboard, Screener, S&P Capital IQ Pro Plug-in and page filters, users can experience changes in their result sets. Please note that as we update the database, you may notice differences between page views and Screener results.
Most Relevant For: All users
Expanded Coverage
- Live Pricing: About 60,000 GSAC securities with Live Prices: Bid, Mid and Ask as well as corresponding Yield to Maturity (YTM), Yield to Worst (YTW) and Benchmark spreads for each price type
- Evaluated Pricing: About 400,000 GSAC securities with Evaluated Prices: Bid, Mid and Ask as well as corresponding Yield to Maturity (YTM), Yield to Worst (YTW) and Spread to Worst (STW) data
- Liquidity Scores: Daily Liquidity Scores and Quote Counts
- Expanded EOD Pricing, Analytics and coverage: Bid, Mid and Ask Prices as well as more Spread, Yield, OAS, Duration and Convexity data, including YTM, YTW, STW, Z- and G-spreads for each price type
- Improved Reference and Bond Schedule Information: Benchmark clarity, Regulatory Details, Interest Rate expansion and ESG details as well as Schedules for Amortizations, Calls, Put and Sinking Funds
- Enhanced User Experience: New GSAC Sector Overview page, Improved Bond Security Detail page, and Enhanced Securities Summary Screener to include new and expanded data fields in addition to integration within our existing Capital Issuance pages and Dashboard widgets
- Later in June, Capital IQ Pro users will have access to quality, independent pricing for illiquid loans with history from 2018. We are expanding coverage of evaluated prices for 2000+ loans by using our loan composite data to price a comparable global loan universe and cluster the comparable loans to value facilities using multi-stage filtering with more than 15 unique factors
Workflow Improvements:
Government, Supranational, Agency, and Corporate (GSAC) bonds on S&P Capital IQ Pro
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- Users now have access to over 19.4 million Markit-covered securities with additional terms and conditions (T&C) data. Of these, around 60,000 have live prices and 1.6M will have end of day prices. This data is available on Corporate Issuance pages within the Corporate Profile, Securities Summary Screener and the S&P Capital IQ Pro Plug-in. With this release, we have also created new views such as Bond Sector Overview and Bond Security Detail with live pricing, improved charting and enhanced interactive visuals. The new Bond Security Detail page includes added bond reference data and a tab for relevant Schedule information. The expanded coverage is also included in Search, Dashboards and List Manager.
Document Viewer
What’s new: With the advent of Generative AI, we continue to build on our AI-driven enhancements across the platform in partnership with Kensho and our data science teams. In this release, we are introducing Generative AI Transcript Summarization, which provides a summary of earnings call transcripts that saves time for users and complements our NLP-derived sentiment scores within the AI-powered Document Viewer. These new transcript summaries are organized by Topics and Sentiment, offering users a comprehensive overview of the earnings call.
Most Relevant For: All users
Workflow Improvements:
Earnings Call Transcripts Summarization
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- Users will have the option to select summaries organized by Topic or Sentiment. Topical summaries cover financial results, company strategy, products & services, external factors and partnerships, while Sentiment summaries are categorized as positives or negatives. As with any document within the Document Viewer, users can directly navigate to text related to the summaries, share with colleagues, and export all summaries to PDF or Word documents.
Private Markets
What’s new: In this release, we expanded our private markets offering by adding 14 new energy-related topic tags and added Preqin's Private Debt asset class on S&P Capital IQ Pro. We enhanced the view of the Private Capital Benchmarks and aggregated Dry Powder & AUM trends, allowing users to gain insights into the private debt industry trends. In addition, for premium users, we expanded our private markets coverage by adding Preqin's Private Debt asset class across investors, fund managers, funds, fund performance and cashflow, benchmark constituent funds, investment criteria and preferences, as well as lender relationships and investor fund commitments.
Most Relevant For: All users
Workflow Improvements:
New Topic Tags
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- Users can access 14 new Topic Tags available in Market Maps, Screener, and Corporate Profile, allowing users to identify companies that operate in these niche markets, supporting the deal sourcing workflow. The new topic tags are - Residential Solar; Utility-Scale Solar; Onshore and Offshore Wind; Advanced Nuclear; Battery Energy Storage System; Electric Vehicle Charging Infrastructure; Anaerobic Digestion; Hydrogen; Carbon Capture, Utilization and Sequestration; Direct Air Capture; Green Steel; Renewable Ammonia; Bio-based & Renewable Materials; and Sustainable Aviation Fuel. With these additions, users can now access over 290 market maps to get a top level view of the fundraising and deal activity and its participants in these niche industries.
Private Debt Asset Class
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- Users can now access Preqin's private debt data across firm, fund, and investor (LP) profiles on the S&P Capital IQ Pro Platform. This enhancement provides users with an expanded view of the private debt asset class within private markets.
- All users can view comprehensive insights into Private Debt via the Private Capital Benchmarks and Dry Powder & AUM Trends pages.
- Users with premium Preqin access can now benefit from the expanded Private Debt coverage across Corporate Profile pages of firms, funds, and investors, and deep dive into the investment criteria, strategy, and preferences via the Investment Criteria page.
- Additionally, users can monitor capital flows in the Private Debt industry via Fund Manager/Fund lender relationships on the Portfolio Companies page and view Limited Partner's Private Debt fund commitments on the LP Investments page.
Events
What’s new: In this release, users can automatically sync corporate and industry events within the Events Calendar to their personal calendars. My Calendar Auto Sync allows users to subscribe to Capital IQ Pro Events calendar and receive all related updates in their personal calendar seamlessly.
Most Relevant For: All users
Workflow Improvements:
My Calendar Auto Sync
- Users can seamlessly sync Events Calendar details to their personal calendars using the new My Calendar auto-sync feature. This functionality allows users to subscribe to relevant corporate, industry and economic events, receive updates directly in their personal calendars without the need to download invites from the Capital IQ Pro platform. In addition to filter-level preferences, users can also sync individual events by adding them to My Calendar in either Calendar or List view. This simplifies the process of identifying subscribed events and effortlessly removing any undesired ones.
Transactions
What’s new: In this release, we added click-through functionality for S&P Capital IQ sourced financials used in M&A deal valuation and general ratios calculations. We also enhanced the client level filters on the clients’ tab of the Advisory & Underwriting summary page where users can now apply financial filters, including industry and geography, at the Ultimate Parent level, when filtering to roll up on Ultimate Parent company. Additionally, M&A league tables now feature reverse mergers, including the buyer's industry and geography.
Most Relevant For: All users
Workflow Improvements:
Financials Click-Through for M&A Valuation and General Ratios
- Users can click through into S&P Capital IQ-sourced financial values used in M&A valuation and general ratios.
Roll-Up Client on Advisory & Underwriting Summary Page
- Users can now filter for clients of an advisor/underwriter by Ultimate Parent using the Roll-up Client dropdown selection on the Advisory & Underwriting Summary page. This feature provides users with a view of an adviser-client relationship and client subsidiaries, and the ability to understand the depth of the existing relationship. Additionally, all the client level filters, including Industry and Geography filters on the clients’ tab, can now be applied at the Ultimate Parent level, enabling a top-level view of the clients of an advisor/underwriter.
Screen by Exchange for an IPO in Screener
- Users can now screen for companies and IPO transactions based on the exchange the company lists on pursuant to the IPO.
Adjusting Industry & Geography for Reverse Mergers in League Tables
- Users can now create league table rankings whereby all reverse merger transactions, including SPAC backdoor IPO’s and reverse mergers, are classified using buyer’s industry and geography for ranking purposes.
Corporate Profile
What’s new: In this release, we enhanced the top ribbon of the Corporate Profile of public and private companies with the addition of commonly sought after information to provide our users with quicker access to the latest updates of a company.
Most Relevant For: All users
Workflow Improvements:
Top Ribbon for Public & Private Companies
- Users can now get quicker access to earnings call details, key documents, latest share price and other metrics in the top ribbon for public companies. Similarly, for private companies, users can view parent company information, total funding and other key metrics with this update.
Chart Builder
What’s new: In this release, we invite you to use a new and reimagined Chart Builder with improved presentation creation, analytical capability, and application performance.
Most Relevant For: All users
Workflow Improvements:
Chart Builder (Beta)
- With the introduction of Chart Builder (Beta), users can start with a template and edit a chart easily to customize series styling, add technical indicators, and markup the chart with drawing tools. Users can also annotate the chart with key developments and create custom aggregates within the application to chart a weighted index of companies on a single series.
Alerts
What’s new: With this release, we now have additional daily recaps for the US, EMEA and APAC markets for our users to stay informed of daily regional market trends. Users can sign up for the Morning and Evening IQ newsletters by region across US, EMEA and APAC. These newsletters offer timely summaries tailored for the close of each trading day and are accessible in our Subscription Center.. Additionally, we updated Market Data alerts for easier setup and added the ability to set alerts for an individual stock Target Price . These enhancements provide better, relevant, and easily accessible content, enhancing user workflows and ensuring timely access to the information they require.
Most Relevant For: All users
Workflow Improvements:
US Evening IQ Newsletter
- In addition to the US Morning IQ newsletter, users can now subscribe to the US Evening IQ newsletter, which offers daily summaries at the close of the US market, providing a concise and relevant overview of crucial information. These new newsletters ensure users are well-informed with timely insights and help enhancing their decision-making by delivering end-of-day market recaps directly to their inbox.
Regional Morning and Evening IQ Newsletters
- Users can now subscribe for EMEA and APAC Regional Morning and Evening IQ newsletters to receive daily customized market insights and supplementary data much like our US market newsletters.
Enhanced Market Data Alerts
- Users can now add multiple criteria and parameters to their market data alerts effortlessly and create single Target Price alerts.
Search
What’s new: In this release, we introduced exciting capabilities to enhance discoverability of relevant information including comprehensive instant answers, expanded synonyms in search, and improved query suggestions. Additionally, we added NEAR operators for advanced Boolean search, the display of listing statuses for equities and funds, Government, Supranational, Agency, and Corporate (GSAC) securities availability in search, and the ability to discover investor activism campaigns.
Most Relevant For: All users
Workflow Improvements:
Instant Answers in Top Search
- Users now benefit from a significant expansion of our instant answer capabilities within the top search, providing access to a wealth of additional data points directly within the search functionality. With this update, users can use keywords and sentences such as Company Revenue 2021 for past company metrics and country metrics. 71 company metrics and 8 country metrics are included. This enhancement, accompanied by an improved interface, provides better usability for users.
Enhanced Search Suggestions in Top Search
- Users will now receive more contextually relevant suggestions as they type in their search queries, helping them discover relevant content. Search query suggestions are available to correct any misspellings or typos in the user's keyword query.
Enhanced Boolean Search with ‘NEAR’ Operators
- Users can more easily discover content that is relevant to their research within our advanced search capabilities, with the inclusion of NEAR operators in Boolean search. The supported operations include NEAR, NEAR(n), NEAR(x,y), NEAR with OR, NEAR with AND, NEAR with NOT, and NEAR with any combination of AND, OR, NOT.
Status Indicators for Equities in Search
- Users can now view the status of equities in search results, even when they are inactive or no longer actively traded, providing visibility into their current status. The status is also available as a filter option for equities within the advanced search results page.
Improved Synonyms in Search
- Users can now discover content related to specific companies using a variety of synonymous terms and alternative company names. This feature aims to extend the existing synonyms available for companies to include other content sets on typeahead such as Fixed Income, Equities, and Transactions.
Government, Supranational, Agency, and Corporate (GSAC) securities in Search
- Users can now access expanded coverage of Fixed Income data from Markit with the inclusion of new bond types available in top search and advanced search results.
Investor Activism Campaigns in Search
- Users can now find Investor Activism campaigns directly in Search.
Macroeconomic Data
What’s new: In this release, we expanded our global economic indicator coverage to include annual, quarterly, and monthly historical macro indicators for 185 countries. These 15 indicators are classified as As-Reported Macro Indicators and updated more frequently.
Most Relevant For: All users
Workflow Improvements:
As Reported, Historical Demographic Data/Macro Indicators
- Users can now access 15 new As Reported Macro Indicators which include Real GDP Growth(%), Real GDP(LCU), Nominal GDP($B), Real GDP($B), Nominal GDP(LCU), Consumer Price Inflation(%), Producer Price Inflation(%), Industrial Production Growth(%), Unemployment Rate(%), Current Account Balance($B), Goods Imports($B), Goods Exports($B), Trade Balance($B), Exchange Rate Average, Exchange Rate End. We also added two new indicators to our Forecasted Series: Real GDP($B) & Nominal GDP(LCU).
Market Data
What’s new: In this release, we expanded our equity offering coverage by adding inactive securities across the platform. Additionally, we onboarded various new Market Data metrics such as CIQ equivalent Betas on the Dashboard and Beta metrics in S&P Capital IQ Pro Plug-in.
Most Relevant For: All users
Workflow Improvements:
Beta Metrics
- Users can now access the Capital IQ equivalent Beta metrics in Dashboard and S&P Capital IQ Pro Plug-in. S&P Capital IQ Pro Plug-in will additionally support custom Beta metrics.
Inactive Securities
- Users can access inactive securities data within the key areas of the product, including Dashboard, Search, Charting, Office Plug-in, and Screener.
Investor Activism
What’s new: In this release, we introduced Activist Investor filters and indicator flags on the Ownership pages and added Activist Investor filter and Takeover Defense Scores within Screener. Additionally, we added new multi-to-one data field options in S&P Capital IQ Pro Plug-in for Activism campaigns.
Most Relevant For: All users
Workflow Improvements:
Activist Investor filter and flags on Ownership pages
- Users can now quickly identify Activist Investors on Ownership pages with the Activist Investor filter and red indicator flags.
Investor Activism Enhancements in S&P Capital IQ Pro Plug-in
- Users can now populate data in individual cells within the S&P Capital IQ Pro Plug-in for data items which have multiple associated entries, instead of consolidating all the data in one cell.
Investor Activism and Screener Enhancements
- Users can now screen for companies flagged as Activist Investors and retrieve Takeover Defense Scores within the Screener.
Peer Comps
What’s new: In this release, we enhanced Peer Comps to support scoring for Topic Tags and secondary industry fields. We also updated Peer Comps reports to be specifically tailored for Banks and Credit Unions.
Most Relevant For: All users
Workflow Improvements:
New Fields in Peer Score Criteria
- Users can now score Peer Comps using Topic Tags and secondary industries. Peer candidates will be evaluated based on the number of values matching the focus company. Topic Tags and secondary industry are included as Peer Score criteria by default for public companies with market capitalization exceeding $25 billion.
Enhanced Peer Reports for Banks and Credit Unions
- Users now have access to peer reports with key fields customized for US and non US banks and Credit Unions. Additionally, users can add or remove relevant key fields from these peer reports to better align with their data requirements.
S&P Capital IQ Pro Plug-in
What’s new: In this release, we added Custom Beta, additional Beta metrics and market data information on inactive securities in S&P Capital IQ Pro Plug-in.
Most Relevant For: All users
Workflow Improvements:
Custom Beta, and 1-Year, 2-Year, and 5-Year Beta
- Users can now calculate custom Beta for a given company and index over a range of dates. Additionally, Beta functionalities in the S&P Capital IQ Pro Plug-in are expanded to include 1 year Beta, 2 year Beta, and 5 year Beta.
Inactive Securities
- Users can now view and pull pricing data for inactive securities or historical (defunct) companies in S&P Capital IQ Pro Plug-in and Screener.
RatingsDirect
What’s new: With this release, users of RatingsDirect® focused on Corporates, will benefit from the integration of Outlook Financial Thresholds, a concise one-page credit memo, and the Credit Default Swap source update to S&P Market Intelligence. U.S. Public Finance users can leverage the new US State Ratings page, while Structured Finance users can access the full collateral universe with the complete list of collateralized issues.
Most Relevant For: All users
Workflow Improvements:
Outlook Financial Thresholds
- RatingsDirect® users can access Outlook Financial Thresholds on Corporate Profile, Analyst Peers page, Screener, and the S&P Capital IQ Pro Plug-in. Outlook Financial Thresholds are the key metrics and thresholds that can potentially lead to rating actions. With the help of Generative AI, the Outlook Financial Thresholds are extracted from the upside and downside scenarios of research articles for entities in the Corporate sector. Users no longer need to navigate through research reports to find these critical data points, but can leverage these triggers to effectively monitor the credit risk of one or more entities, for quicker informed decision-making.
U.S. Public Finance State Ratings
- RatingsDirect® users interested in U.S. Public Finance can access a new page featuring an interactive map of the United States, displaying credit ratings of each state. The ratings are based on either the state's issuer credit rating or its general obligation debt rating. Users can interact with the map and filter by rating and outlook to gain valuable insights into the current ratings of U.S. states, across different regions of the country.
Export RatingsDirect Credit Memo
- RatingsDirect® users can export a one-page credit tearsheet for Corporates, Financial Institutions, and Insurance entities directly from the Corporate Profile to get a quick snapshot of an entity's credit health. The credit memo provides an overview of key credit metrics for an entity, such as issuer credit ratings, outlook/upside/downside scenarios, scores & modifiers, outlook financial thresholds, analyst peers, and more.
Credit Default Swaps and Market Derived Signals Source Update
- RatingsDirect® on Capital IQ Pro is updating the source of Credit Default Swaps (CDS) and market-derived signals to S&P Market Intelligence (Markit) pricing, valuation & reference data from ICE. This update will be reflected on the Corporate Profile, Sector Profile pages, Screener, Dashboard, and the S&P Capital IQ Pro Plug-in. The Corporate Profile now includes a chart that overlays Issuer Credit Ratings, CDS Market-Derived Signal Scores, and Probability of Default Derived Signal Score in one view.
- The migration to S&P Market Intelligence (Markit) sourced CDS and market-derived signal data offers key benefits, including a larger universe of entities with a history dating back to 2010. Additionally, it leverages more composite pricing based on actual CDS pricing, as opposed to evaluated pricing derived from bond spreads. This enhancement ensures users have access to comprehensive and reliable CDS and market-derived signals data for informed decision-making.
Structured Finance Loans and Bonds
- RatingsDirect® users with Structured Finance capabilities can access the universe of collateralized and uncollateralized S&P-rated corporate loans & bonds to gain visibility into the outstanding loans & bonds market that can be included in existing and future CLOs.
Analyst Peers Integration
- RatingsDirect® users can utilize S&P Capital IQ Pro plugin to import a list of S&P Ratings analyst peers for entities and Sovereign BICRA analyst peers for sovereigns to seamlessly compare entities and sovereigns against their peers in customized excel views.
Security Ratings Distribution
- RatingsDirect® users can access Security Ratings Distribution for unrated entities with rated securities. Even if an entity does not have an issuer level rating, users can easily access the underlying rated debt from the entity profile. Security Ratings Distribution is a calculated aggregate count of securities by Debt Type, Rating Type, Rating, and CreditWatch/Outlook when the available ratings are only at the security level.
Securities Summary Enhancements
- RatingsDirect® users can access an interactive security distribution chart on the Securities Summary page for an entity. This allows users to visualize how an entity’s debt is distributed by maturity date or debt type. The chart is interactive and updates the detailed security summary grid when clicked.
Sustainability
What’s new: In this release, we introduced as-reported Scope 3 Upstream categories, offering granular insights into a company's Scope 3 emissions. We also added Year and Effective date dropdowns in the Net Zero Commitments tracker, and improved user experience on Nature Risk & Biodiversity and Sustainability Overview pages. We added new data points including as-reported Scope 3 Upstream categories, Nature & Biodiversity data, and Physical Risk Financial Impact fields in Screener, Capital IQ Pro Plug-in, and Dashboard. Within Portfolio Analytics, we added new Nature & Biodiversity metrics and Sustainable Investing metrics. Finally, we replaced the terminology ‘ESG’ with Sustainability to align with S&P Global's sustainability messaging and updated terminology used to describe assets within our Physical Risk product, ensuring the data remains current and valuable.
Most Relevant For: Sustainability Consulting
Workflow Improvements:
Scope 3 Upstream As-reported Categories
- Users can access as-reported greenhouse gas (GHG) Scope 3 upstream categories in a company’s Environmental pages, Screener, S&P Capital IQ Pro Plug-in, and Dashboard providing detailed Scope 3 emissions data and its concentration.
Nature & Biodiversity Risk Company Page Enhancements
- Users can access Nature & Biodiversity related metrics to understand, manage, and mitigate exposure of a list of companies or companies in your saved portfolios to nature-related risks and impacts within Screener, S&P Capital IQ Pro Plug-in and Portfolio Analytics. Users can access a set of core Ecosystem Footprint metrics to measure impact and use dependency scores to measure aggregated dependencies across a company’s direct operations. This dataset is aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) LEAP approach, enabling users to leverage these metrics to measure alignment of companies of interest with TNFD recommendations.
Year & Effective Date in Net Zero Commitments Tracker
- Users can access Year and Effective Date dropdowns in Net Zero Commitments Tracker, providing a point-in-time view for Net Zero data and an easy way to identify when the dataset was last updated for a company.
Net Zero Commitments Tracker metrics in Screener, S&P Capital IQ Pro Plug-in and Dashboard
- Users can now screen for companies with targets or commitments for the longest term that meet their criteria with the addition of Net Zero Commitments Tracker. This will help them with target setting and comparing commitments across companies for their portfolio optimization.
Physical Risk Financial Impact metrics in Screener, S&P Capital IQ Pro Plug-in and Dashboard
- Users can screen for companies and access information related to financial losses from exposure to climate-related physical hazards across various climate change scenarios and multiple time horizons within Screener, S&P Capital IQ Pro Plug-in and Dashboard. These metrics continue to expand on our harmonized Physical Risk offering, providing users deeper granularity into a company’s exposure to physical risks that are related to climate change.
Standard Annual Updates to Physical Risk data
- Users can now access recalculated sensitivity scores based on 2023 data. Additionally, we refreshed existing assets to reflect new data, including ownership changes, and integrated additional assets sourced from both internal and external sources.
Additional Business Involvement Screens - Animal Welfare & Uranium Mining
- Users can access two new options for Business Involvement screens which relates to animal welfare and uranium mining.
- Users can review a company’s involvement in Animal Welfare,which is measured under the sub-categories of Animal Testers and Breeders, Chemicals Animal Testing, Food and Beverage Animal Testing, Household, Cosmetics and Personal Care, and Product Animal Testing.
Personalization
What’s new: In this release, users will experience a new top menu on the S&P Capital IQ Pro platform that can be customized for a personalized navigation experience, ensuring that the most vital information for your workflow is easily accessible. We enhanced the layout of top menu icons focusing on Saved Items, User profiles, Alerts, and Help. Additionally, we revamped the organization of links and options within these menus to optimize overall user experience.
Most Relevant For: All users
Workflow Improvements:
- Users can now select the content and capabilities in the top menu to personalize their navigation experience in the S&P Capital IQ Pro platform. This will enable quick and easy access to relevant and tailored content that aligns to their workflow. While the default navigation aligns with a user’s industry focus, the top menu display can be modified to accommodate individual preferences.
- We have updated menu icons for Saved Items, User Profiles, Alerts, and Help located in the top right corner of the Capital IQ Pro platform.
Chart Builder (Beta)
What’s new: In this release, we invite you to use a new and reimagined Chart Builder with improved presentation creation, analytical capability, and application performance.
Most Relevant For: All Users
Workflow Improvements:
- With the introduction of Chart Builder (Beta), users can get started quickly, using chart templates functionality and edit a chart easily using technical indicators, series styling customization, and drawing tools.
- Users can also create custom aggregates within the application to chart a weighted index of companies on a single series.
Alerts
What’s new: In this release, users can set alerts for Nikkei News, a comprehensive source for business activity coverage of Asia-Pacific and global financial markets.
Most Relevant For: All Users
Workflow Improvements:
- Users can set up alerts for Nikkei News, Japan’s largest business news source, which provides news and analysis on regional and global business trends.
Search
What’s new: In this release, we added a new metric, the total number of keyword mentions within the Filings filter, on the search results page. This provides the ability to view the number of keyword matches within a selected group of Filings to help users determine which document is of higher relevance for their research. Additional enhancements to search include pricing data availability in the search bar dropdown, improved relevancy, ability to search across data fields, along with topic tags search in company screener queries, and local language search in Chinese (PRC), Japanese and Korean languages.
Most Relevant For: All Users
Workflow Improvements:
- Users can see the total number of keyword matches for Filings in search results page to help them determine if a document is relevant to their research.
Transactions
What’s new: In this release, we added a new Advisory & Underwriting Summary page for users to see the clients of financial and legal advisers in M&A and capital raising deals. Additionally, we added new options to group transactions screener results based on CIQ/GICS Industry, Geography, and Sector (MI).
Most Relevant For: Advisory, Valuation, Consulting, Law Firms, Recruiters
Workflow Improvements:
- The new summary page will enable users to see the top clients of financial institutions and law firms in M&A and capital raising deals.
- Users can drill into geographic and industry breakdowns as well as the advised transactions of the financial and legal advisers.
- Additionally, users can filter the data by buy-side or sell-side advisory, industry, geography, client size, transaction value, etc. and click-through from charts to raw data.
- Users can group transactions from their screening results using industry and various geographical metrics.
Investor Activism
What’s new: In this release, we added Investor Activism data in Screener and introduced a new market-level Activist Investor Ownership page on the S&P Capital IQ Pro platform.
Most Relevant For: Advisory, Consulting, Law Firms, Recruiters
Workflow Improvements:
- Users can now screen across activist campaigns using key data points like campaign status, target industry, geography, tactics deployed by activists, objectives of the campaign, nominees and shareholder proposals.
- Users can quickly view and analyze companies that may be susceptible to an activist campaign using Early Warning/Potential Targets, New Positions, and Increased Positions by activist investors. The click-to-filter capability enables users to filter the results on the page by clicking the charts.
Macroeconomic Data
What’s new: In this release, we expanded coverage to include key macroeconomic indicators for smaller economies offering insights into economic trends and business conditions.
Most Relevant For: Valuation, Advisory, Tax, Consulting, Law Firms
Workflow Improvements:
- Users can now screen across activist campaigns using key data points like campaign status, target industry, geography, tactics deployed by activists, objectives of the campaign, nominees and shareholder proposals.
- Users can quickly view and analyze companies that may be susceptible to an activist campaign using Early Warning/Potential Targets, New Positions, and Increased Positions by activist investors. The click-to-filter capability enables users to filter the results on the page by clicking the charts.
Sustainability
What’s new: In this release, we updated the top tile ribbon of company Environmental Profiles for improved usability and added an indicator to let users know of metrics that are expected to be calculated in tables and charts. Additionally, we added Research Type flags and As-Reported Environmental data in workflow Apps and replaced ESG term with Sustainability to align with S&P Global's sustainability messaging. Finally, we introduced a dataset solution for Sustainable Finance Disclosure Regulation (SFDR) in Portfolio Analytics where users can evaluate their portfolios and understand the impact of their investment decisions on sustainability factors, as outlined by the SFDR.
Most Relevant For: Consulting, Audit, Assurance, ESG & Sustainability
Workflow Improvements:
- Users can access an enhanced version of the top tile ribbon in company environmental profiles offering improved usability. As-Reported and S&P-generated values can be clearly differentiated, and the adjusted chart alignment enhances the user experience when reviewing and comparing Environmental data. Additionally, users can view ‘To Be Calculated’ displayed for metrics and portlets that have As-Reported data but not S&P-generated data to provide context on why the data is not available when company-disclosed data is available.
- Users can access Physical Risk Scores reflecting exposure to Pluvial Flood hazards across various scenarios and time periods for companies and their assets. These new data points continue to expand an already robust Physical Risk hazards coverage by displaying exposure to pluvial flood conditions, which is quantified as the annual frequency of a 100-year flood depth, based on the annual frequency of the historical baseline of 100-year daily precipitation rate.
- We updated page headers and navigation labels, featuring the term Sustainability on the Capital IQ Pro platform to align product & service taxonomy to S&P Global's sustainability messaging.
- Users can now screen for companies based on the environmental research type, which describes how the environmental profile was generated. A company’s environmental data can either be part of the Trucost fully researched universe or modeled, and the new research type field is available in Screener, S&P Capital IQ Pro Plug-in and Dashboard.
- Users can now screen for companies and access as-reported environmental data as published by the company within Screener, S&P Capital IQ Pro plug-in and Dashboard. This will highlight what was or was-not included in a company’s sustainability reporting, further enhancing the transparency in S&P Global’s modeling process that normalizes and standardizes the data.
Private Markets & Private Company Expansion
What’s new: In this release, we further enhanced coverage with the addition of APAC private companies, including 3rd party vendor-sourced firmographics, financials, and officers & directors' data for small and medium enterprises based in Indonesia, Philippines, and Vietnam.
Most Relevant For: Valuation, Transfer Pricing, Advisory, Business Development, Consulting, Law Firms, Recruiters
Workflow Improvements:
- Users can access additional financials & firmographics data for small and medium enterprises in Indonesia, Philippines & Vietnam, significantly enhancing coverage for this geography.
- Users can access additional officers & directors' data for small and medium enterprises in Philippines, significantly enhancing coverage for this market.
RatingsDirect®
What’s new: In this release, we enhanced user workflows across sectors. Analysts focused on sovereign credit now have access to unique peers’ comparison views for countries based on Banking Industry & Country Risk Assessments (BICRA). Structured Finance users will benefit from the new CLO Market Overview and CLO Insights, providing detailed analysis of Collateralized Loan Obligations (CLO). Additionally, all RatingsDirect users will have improved usability in platform with Quick Alerts and Subsidiary Alerts for real-time rating actions. Furthermore, we introduced Outlook, Upside & Downside Scenario selections in Screener and S&P Capital IQ Pro plug-in.
Most Relevant For: Valuation
Workflow Improvements:
- RatingsDirect® users interested in sovereign data can now access S&P Global Ratings’ analyst-defined peers, determined based on Banking Industry & Country Risk Assessments (BICRA), via the Analyst Peers. This feature enables users to compare a comprehensive list of key metrics across similar sovereigns, including credit ratings, sovereign factors, BICRA assessments, risk metrics, and economic conditions.
- RatingsDirect® users with Structured Finance capabilities will gain access to the CLO Market Overview page, providing a customizable view into the volume of new Collateralized Loan Obligation (CLO) issuances rated by S&P Ratings.
- Users can visualize the breakdown of issuances by portfolio type and geography, gaining insights into market dynamics. Additionally, users can analyze rated deals and tranches, with flexibility to use various parameters to visually demonstrate the value and count of rated deals across different timeframes.
- At the tranche level, users can track CLO credit rating actions over time, displaying an aggregate chart of CLO rating actions.
- Users interested specifically in U.S. Collateralized Loan Obligations (CLO) deals can access a new page with an interactive focus on Credit & OC Cushion metrics for Broadly Syndicated and Middle Market category of deals.
- Users can filter entities based on keywords found in Outlook, Downside Scenario, and Upside Scenario text. They can also access the latest values through S&P Capital IQ Pro plug-in, streamlining their workflow.
Fundamentals
What’s new: In this release, we added All Filings view option for reporting basis on the Templated Financials pages for ease of data comparison. We also inserted CIQ absolute date functions in the S&P Capital IQ Pro plug-in to aid in model building and placed a link to the S&P Capital IQ Financials Glossary in the Apps menu for ease of discoverability.
Most Relevant For: Advisory, Valuation, Consulting, Transfer Pricing
Workflow Improvements:
- Users now can see all the reporting basis types for each period end on the Templated Financials pages for the S&P Capital IQ sourced financials.
- Users can now utilize the CIQ Absolute Date functions in the S&P Capital IQ Pro plug-in
- Users can access S&P Capital IQ financials glossary from an additional location in the Apps menu which provides extended definitions for Capital IQ sourced financial data items
Estimates
What’s new: In this release, we added the ability to create a custom consensus, enhanced click-through for detailed estimates, and added detailed estimates for commodity price targets in S&P Capital IQ Pro plug-in.
Most Relevant For: Valuation, Consulting
Workflow Improvements:
- Users can refine the consensus calculations on the Consensus page by applying a custom date window or by removing specific brokers. For example, users can view a custom consensus that excludes revisions older than a specific date or number of days.
- Users can now access investment research where the detailed estimates are sourced through a direct click-through capability from the metric to the underlying components in the research document.
- Users can pull the individual contributor price target estimates for commodities in S&P Capital IQ Pro plug-in, along with the broker and analyst names, to enhance their models with more granular data and to highlight specific contributor estimates.
Screener
What’s new: In this release, we enhanced the Screener experience with the introduction of a new Screener Home and Screener Menu. Screener Home, previously titled Screening & Analytics, is reorganized to promote key workflow datasets, while improving the discoverability of other unique Screener datasets. The new Screener menu presents users with the datasets that best align to their preferred industries.
Most Relevant For: All Users
Workflow Improvements:
- In Screener Home, users can explore the complete list of Screener datasets, quickly reopen their recently saved or modified screens, and browse a selection of popular Idea Generation screens.
- Users can now view a new Screener Menu featuring datasets that best align to their preferred industries.
Investment Research
What’s new: In this release, we enhanced the Report Preview page workflow by integrating the download and print action buttons within the grid, streamlining access to research reports. This update aligns with the improved design of our Research page, ensuring that download and print options are prominently visible and easily actionable for users.
Most Relevant For: All Users
Workflow Improvements:
- Users can download and print Investment Research reports directly from the Report Preview page using action buttons located above the search grid, enhancing the overall user experience.
Quick Report
What’s new: In this release, we revamped the Quick Report feature for private companies by making it a concise one-page report with a fresh layout, incorporating key data that is relevant to private companies.
Most Relevant For: All Users
Workflow Improvements:
- The new Quick Report for private companies incorporates a more visual format while maintaining the balance of having key company information such as the latest rounds of funding, top investors, transactions, financial highlights, and more.
