Climate pledges not relevant to credit analysis, say ratings agencies in wake of COP

Sovereign debt investors need to consider climate performance to avoid subsidising fossil fuels says UKSIF CEO

National climate pledges have no immediate bearing on the sovereign credit ratings, according to Fitch and Moody’s.  

But researchers from the University of Cambridge – including former S&P chief sovereign ratings officer, Moritz Kraemer – have found that at least 63 nations could…

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