About the Role:

Grade Level (for internal use):

*Note to applicants: The internship will begin in January 2026 until August 2026 where the successful candidate could be considered for conversion to our CREDit Graduate Program in September 2026.

The Practice:
Sovereign / International Public Finance: The Sov/IPF team covers more than 130 ratings across Western and Southern Europe and Western Africa and performs additional analysis on unrated entities (typically credit estimates) on local governments in the area. Three Lead Analysts oversee the analytical work of pods and work hand-in-hand with the regional and global International Sovereign and Public Finance Sector Leads on ensuring analytical consistency on Institutional Framework Assessments and individual Ratings.

The Impact:

The position offers an exciting mix of responsibilities for someone with a keen interest in supporting the analytical team in financial analysis and public finance as well as opportunities to acquire and develop new skills. It offers interaction with S&P analysts in EMEA and globally. Tasks include research duties (develop and maintain a centralized sources of information) working on specific research projects (ad hoc projects industry monitoring) spreadsheet and database duties (collect and maintain information and data for keeping databases updated) and publishing support.

What you stand to gain:

• You will be offered the opportunity to assist S&P Global in achieving its mission of being one of the leading providers of the highest quality risk evaluations and analytical information to the worlds financial markets.

• You will work with junior and senior analysts within S&P Global and senior management of issuing entities through the ratings process (including ratings committees and management meetings).The successful candidate will support rating analysts in their analytical work primarily on local and regional governments and government-related entities in France but also in other European countries and occasionally on sovereigns or supranationals.

• You will be trained by the Sovereign and International Public Finance team members to familiarize yourself with our analytics rating criteria processes systems and databases and corporate policies.

• At the end of our internship program feedback is provided which could lead to an offer of a place on our next years CREDit graduate program. To get a sense of what our graduate program entails please see a video here providing an overview of one of our current CREDit graduates experience. Laura made this video in conjunction with her university; IE University.

Responsibilities:

• Learn and understand ratings criteria and methodology

• Assist with preparing required documents for rating committee and issuer management meetings

• Provide timely and accurate financial statistics and data analysis

• Assist in reporting research presentations and modelling

• Support the team on improvement in execution and ad-hoc writing projects

• All employees are required to work from the office a minimum of 2 days per week.

• We require all candidates who reach the final stage of our interview process to attend at least one in-person interview which is ordinarily at your nearest S&P Global Ratings office. This must be completed before we can proceed to an offer.

What were looking for:

Basic Required Qualifications

• Postgraduates & Undergraduates including students in public policy finance or economics with an understanding of institutional economic budgetary and debt dynamics for local and regional governments sovereigns supranationals and for related public entities. The position is full-time.

• You must reside in the location of the internship throughout its entire duration (Paris France).

• You must have the right to work in the country of proposed employment (France).

• Strong numerical skills supported by the ability to quickly absorb analyze and act upon information is required to maintain and enhance the quality and timeliness of our analysis. For example adept with Excel and other Microsoft Office products (Word Outlook PowerPoint).

• Strong organizational skills. Problem-solving time-management and attention to detail. Ability to work across teams within S&P Global Ratings with a desire for continuous improvement and innovation whilst adhering to established ratings criteria methodology policies and procedures. We operate in a highly regulated environment.

• Able to learn quickly multi-task and work in a fast-paced ability and the desire to learn to conduct your own analysis and research showing initiative and resourcefulness.

• Excellent French (preferably native) and English oral and written communication skills. Additional languages spoken in the teams coverage area (Italian Spanish) would be an asset.

About S&P Global Ratings
At S&P Global Ratings our analyst-driven credit ratings research and sustainable finance opinions provide critical insights that are essential to translating complexity into clarity so market participants can uncover opportunities and make decisions with conviction. By bringing transparency to the market through high-quality independent opinions on creditworthiness we enable growth across a wide variety of organizations including businesses governments and institutions.

S&P Global Ratings is a division of S&P Global (NYSE: SPGI). S&P Global is the worlds foremost provider of credit ratings benchmarks analytics and workflow solutions in the global capital commodity and automotive markets. With every one of our offerings we help many of the worlds leading organizations navigate the economic landscape so they can plan for tomorrow today.

For more information visit In It For You

Our Purpose:

Progress is not a self-starter. It requires a catalyst to be set in motion. Information imagination people technologythe right combination can unlock possibility and change the world.

Our world is in transition and getting more complex by the day. We push past expected observations and seek out new levels of understanding so that we can help companies governments and individuals make an impact on tomorrow. At S&P Global we transform data into Essential Intelligence pinpointing risks and opening possibilities. We Accelerate Progress.

Our People:

Were more than 35000 strong worldwideso were able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.

From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it. We are changing the way people see things and empowering them to make an impact on the world we live in. Were committed to a more equitable future and to helping our customers find new sustainable ways of doing business. Were constantly seeking new solutions that have progress in mind. Join us and help create the critical insights that truly make a difference.

Our Values:

Integrity Discovery Partnership

At S&P Global we focus on Powering Global Markets. Throughout our history the worlds leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do bring a spirit of discovery to our work and collaborate in close partnership with each other and our customers to achieve shared goals.

Benefits:

We take care of you so you cantake care of business. We care about our people. Thats why we provide everything youand your careerneed to thrive at S&P Global.

Our benefits include:

• Health & Wellness: Health care coverage designed for the mind and body.

• Flexible Downtime: Generous time off helps keep you energized for your time on.

• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.

• Invest in Your Future: Secure your financial future through competitive pay retirement planning a continuing education program with a company-matched student loan contribution and financial wellness programs.

• Family Friendly Perks: Its not just about you. S&P Global has perks for your partners and little ones too with some best-in class benefits for families.

• Beyond the Basics: From retail discounts to referral incentive awardssmall perks can make a big difference.

For more information on benefits by country visit: Hiring and Opportunity at S&P Global:

At S&P Global we are committed to fostering a connected andengaged workplace where all individuals have access to opportunities based on their skills experience and contributions. Our hiring practices emphasize fairness transparency and merit ensuring that we attract and retain top talent. By valuing different perspectives and promoting a culture of respect and collaboration we drive innovation and power global markets.

S&P Global has a Securities Disclosure and Trading Policy (the Policy) that seeks to mitigate conflicts of interest by monitoring and placing restrictions on personal securities holding and trading. The Policy is designed to promote compliance with global some Divisions pursuant to the Policys requirements candidates at S&P Global may be asked to disclose securities holdings. Some roles may include a trading prohibition and remediation of positions when there is an effective or potential conflict of interest. Employment at S&P Global is contingent upon compliance with the Policy.

Recruitment Fraud Alert:

If you receive an email from a domain or any other regionally based domains it is a scam and should be reported to. S&P Global never requires any candidate to pay money for job applications interviews offer letters pre-employment training or for equipment/delivery of equipment. Stay informed and protect yourself from recruitment fraud by reviewing our guidelines fraudulent domains and how to report suspicious activityhere.

Required Experience:

Intern