Standard and Poors 500 Law & Legal Definition
Standard & Poor's 500 is a value-weighted index of 500 major U.S. corporations. There are 400 industrial firms, 20 transportation firms, 40 utilities, and 40 financial firms. Standard & Poor's is one of the world's foremost providers of independent credit ratings, indices, risk evaluation, investment research, data and valuations.
Standard & Poor's creates standards for the financial industry, including ratings, among others, for the following:
- * Securitized financings
- * Bond insured transactions
- * Letters of credit
- * The financial strength of non-U.S. insurance companies
- * Bank holding companies
- * Financial guaranty companies
- * Index tracking systems
- * Exchange Traded Funds
- * A database standardizing information on publicly-traded companies, enabling financial professionals to readily make comparisons across categories
- * A series of web-based services that support analytical, planning, and investment professionals globally.
Some of their other offerings include:
