Climate and ESG risks hurting 60% of developing countries' ratings -Moody's
3 Min Read LONDON, Jan 18 (Reuters) - Roughly 60% of developing countries’ sovereign credit ratings are now negatively affected by environmental, social or governance (ESG) factors, Moody’s said in a report on Monday. Referring to 144 countries it rates globally, Moody’s said risks range from climate change and the global push away from polluting fossil fuels to aging populations, social unrest and the actions and credibility of the governments in charge. “The credit impact of ESG varies significantly,” it said in the report. “While for the advanced economies, we assess the credit...
Source: reuters.com