S&P Globalreason 02 of 4it owns a thing that cannot be built or permitted twicederived 2026-09-11accession 0000064040-26-000045
Ratings is an independent provider of credit ratings, research, and analytics
Transaction revenue increased due to higher corporate bond ratings revenue primarily driven by strong investment grade issuance
Non-transaction revenue increased primarily due to an increase in surveillance revenue
Non-transaction revenue also includes an intersegment royalty charged to Market Intelligence for the rights to use and distribute content and data developed by Ratings
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfour sentences · whole, uncut
the claims it rests on
“Ratings is an independent provider of credit ratings, research, and analytics”
“Transaction revenue increased due to higher corporate bond ratings revenue primarily driven by strong investment grade issuance”
“Non-transaction revenue increased primarily due to an increase in surveillance revenue”
“Non-transaction revenue also includes an intersegment royalty charged to Market Intelligence for the rights to use and distribute content and data developed by Ratings”