Moody’s Buys Climate Data Firm, Signaling New Scrutiny of Climate Risks – The New York Times
Article Synopsis – “Moody’s Corporation has purchased a controlling stake in a firm that measures the physical risks of climate change, the latest indication that global warming can threaten the creditworthiness of governments and companies around the world. The purchase is the latest in a series of moves by rating agencies to better account for the effects of climate change on the ability of governments to pay back the money they borrow by issuing bonds.” To read the actual article click here.