Credit Rating Agency Issues Warning On Climate Change To Cities – npr
Article Synopsis – One of the largest credit rating agencies in the country, Moody’s Investor Services Inc., is warning U.S. cities and states to prepare for the effects of climate change or risk being downgraded. Ratings from agencies such as Moody’s help determine interest rates on bonds for cities and states. This adds an immediate economic incentive for communities to start preparing for climate change, as a low score could impact the cost of financing future projects. To read the actual article click here.