S&P Global Ratings has upgraded its corporate credit rating on IHS Markit Ltd. to BBB- from BB+.

The outlook is stable, which reflects S&P's expectation that the company will maintain its prominent market position and maintain its financial policy over the next two years. Leverage may spike to 4x but would be followed by rapid deleveraging, the rating agency wrote.

The upgrade reflects the company's successful merger between IHS Inc. and Markit Ltd., its improving energy business and its commitment to its financial policy, S&P said.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.