This Rock-Solid Dividend Aristocrat Hasn't Been This Cheap Since 2019: Is It a Buy?
Investors have had a lot to deal with in the past year. In 2021, stocks reached sky-high valuations. But with persistent inflation and rising interest rates, markets have gotten knocked down, taking even the best companies with them.
S&P Global (NYSE: SPGI) is a perfect example of this. Despite a strong competitive advantage and high profit margins, the financial services company finds its stock down 25% year to date -- giving you a chance to buy it at a value not seen in years.
When a company wants to raise money by issuing debt, investors need to understand its risks to determine how likely it is able to pay off the principal and interest on that debt. S&P Global provides credit ratings to companies across the globe and is an integral part of the fixed-income market. Credit ratings tell investors how much risk a company has, so that those investors can charge interest rates appropriate for the amount of risk they take lending to that company.
Source Fool.com
