ccflood

Climate change to hit credit ratings: S&P

Climate change will be a significant factor in sovereign credit ratings and is already putting them under downward pressure, Standard & Poor’s Ratings Services (S&P) warned on Thursday. In a new report, S&P argued that climate change – and particularly global warming – will hit countries’ economic growth rates, their external performance and public finances. “Climate change is likely to be one of the global mega-trends impacting sovereign creditworthiness, in most cases negatively,” it said in the report.

 

Follow us

We are here to bring the world of ecosocialism to life.

Like Us On Facebook

Facebook Pagelike Widget
What Might An Ecosocialist Society Look Like?
On Sept 19, 2023 ahead of the Climate Ambition Summit in New York City, climate activists gathered for a rally and civil disobedience outside Bank of America Tower in Midtown Manhattan as part of the March to End Fossil Fuels wave of actions resulting in multiple arrests. Activists demand Bank of America to “Defund Climate Chaos and Defend Human Rights” Photo: Erik McGregor (CC BY-NC 2.0 Deed)

Let’s Save Each Other

Let’s Save Each Other

Illustration by Stephanie McMillan. Used with permission