S&P Global Spun Off Its Mobility Business on July 1.
Here’s What the Leaner Ratings Giant Looks Like Now
It’s official. As of the beginning of this month, S&P Global (NYSE: SPGI) is a smaller but more focused company, having shed the least impactful of its businesses. That’s S&P Global Mobility, now called Mobility Global (NYSE: MBGL).
It is the arm that offers market intelligence to the automobile industry; it also owns and operates consumer-facing CarFax. So how does this change things for investors? Fortunately, this is a very clean break, as S&P Global Mobility was already operating — and being reported — independently.