Fitch Ratings is slowly turning up the thermostat to ensure the financial world feels the heat of rising environmental risk - and its implications on credit rating.
While Environmental, Social and Governance ESG factors have long been a consideration for corporates, the agency said it is set to become even more important. It will now judge corporates more closely by launching a new indicator that will be used to analyse 1500 non-financial corporates.
Similarly, Moody’s Ratings appears equally focused on highlighting ESG risk. Last year, it had warned that a significant proportion of existing debt in 11 sectors is at risk of being...
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