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Climate Change Will Make Bad Borrowers of Govts, S&P Says

2015-11-27 05:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Thailands credit rating downgraded by two levels. Dominican Republic lowered one grade. These are not real news headlines yet, but could be, according to scenarios outlined by Standard & Poors. The ratings company has concluded after a study that if the damage to the environment continues unabated, there is no way global economic activity, trade or national budgets will stay unaffected. In other words, climate change will cause credit-rating downgrades. Using data from reinsurance company...

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