Grade Level (for internal use):
05*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 world’s 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 year’s 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 graduate’s 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 we’re 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 environment. The 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 team’s 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 world’s 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 world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today.
For more information, visit www.spglobal.com/ratings
What’s In It For You?
Our Purpose:
Progress is not a self-starter. It requires a catalyst to be set in motion. Information, imagination, people, technology–the 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:
We're more than 35,000 strong worldwide—so we're 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. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. We’re 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 world's 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 can take care of business. We care about our people. That’s why we provide everything you—and your career—need 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: It’s 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 awards—small perks can make a big difference.
For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries
Global Hiring and Opportunity at S&P Global:
At S&P Global, we are committed to fostering a connected and engaged 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 regulations. In some Divisions, pursuant to the Policy’s 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 spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to reportfraud@spglobal.com. 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 activity here.
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Equal Opportunity Employer
S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.
If you need an accommodation during the application process due to a disability, please send an email to: EEO.Compliance@spglobal.com and your request will be forwarded to the appropriate person.
US Candidates Only: The EEO is the Law Poster http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf describes discrimination protections under federal law. Pay Transparency Nondiscrimination Provision - https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf
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