Standard and Poors 500 Law and 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
Some of their other offerings include:
* 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.
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