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Factoid/2017/12/05

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< Beachapedia:Factoid‎ | 2017


Climate Change Preparedness - A New Requirement for Low Interest Bonds

"Moody’s Investors Service, one of the top credit rating agencies in the world, warned cities and states in the U.S. that unless they prepare for climate change, the agency could lower their credit ratings, making it harder for them to obtain low-interest bonds....In making credit ratings decisions, analysts examine factors such as the economic importance of coastal regions, damage from extreme weather as a share of state or local economies, and the number of homes in flood plains, Bloomberg News reported. In the announcement to its clients, Moody’s said that communities in Texas, Florida, Georgia, and Mississippi are most at risk from climate change." - Excerpt from Yale Environment 360.

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