Credit Rating Agency Issues Warning On Climate Change To Cities

December 1, 2017

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Moody’s Investor Services Inc., one of the country’s largest credit rating agencies, released a new report warning U.S. cities and states to prepare for the effects of climate change or risk having their credit rating downgraded. In assessing credit risks, the agency takes into consideration climate change impacts from short-term shocks (like wildfire, hurricane, or drought), and long-term trends (like sea level rise and changing temperatures).