Climate Change To Have Impact On Credit Risk RatingsBala Murali Krishna
While climate change skepticism continues to exist, some of the physical effects of the phenomenon, notably climate shocks, are rarely in question and have a profound impact on economies. Consequently, ratings agencies such as Moody’s have had to address climate change in their sovereign ratings. It’s never been clear how exactly they do it. It’s perhaps why Moody’s issued an explanatory note on how it measures climate change impact.
In the Nov. 7 note, Moody’s said its sovereign bond rating . . .
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