Author Topic: Moody's Warns Cities to Address Climate Risks  (Read 127 times)

Offline Solar

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Moody's Warns Cities to Address Climate Risks
« on: November 29, 2017, 05:01:44 AM »
"No Credit For You" Say's the Credit NAZI.

You can't make this shit up folks.

Coastal communities from Maine to California have been put on notice from one of the top credit rating agencies: Start preparing for climate change or risk losing access to cheap credit.

In a report to its clients Tuesday, Moody’s Investors Service Inc. explained how it incorporates climate change into its credit ratings for state and local bonds. If cities and states don’t deal with risks from surging seas or intense storms, they are at greater risk of default.

"What we want people to realize is: If you’re exposed, we know that. We’re going to ask questions about what you’re doing to mitigate that exposure," Lenny Jones, a managing director at Moody’s, said in a phone interview. "That’s taken into your credit ratings."

In its report, Moody’s lists six indicators it uses "to assess the exposure and overall susceptibility of U.S. states to the physical effects of climate change." They include the share of economic activity that comes from coastal areas, hurricane and extreme-weather damage as a share of the economy, and the share of homes in a flood plain.

Based on those overall risks, Texas, Florida, Georgia and Mississippi are among the states most at risk from climate change. Moody’s didn’t identify which cities or municipalities were most exposed.

https://www.bloomberg.com/news/articles/2017-11-29/moody-s-warns-cities-to-address-climate-risks-or-face-downgrades
« Last Edit: November 29, 2017, 05:05:46 AM by Solar »
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Offline walkstall

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Re: Moody's Warns Cities to Address Climate Risks
« Reply #1 on: November 29, 2017, 06:08:47 AM »
"No Credit For You" Say's the Credit NAZI.

You can't make this shit up folks.

Coastal communities from Maine to California have been put on notice from one of the top credit rating agencies: Start preparing for climate change or risk losing access to cheap credit.

In a report to its clients Tuesday, Moody’s Investors Service Inc. explained how it incorporates climate change into its credit ratings for state and local bonds. If cities and states don’t deal with risks from surging seas or intense storms, they are at greater risk of default.

"What we want people to realize is: If you’re exposed, we know that. We’re going to ask questions about what you’re doing to mitigate that exposure," Lenny Jones, a managing director at Moody’s, said in a phone interview. "That’s taken into your credit ratings."

In its report, Moody’s lists six indicators it uses "to assess the exposure and overall susceptibility of U.S. states to the physical effects of climate change." They include the share of economic activity that comes from coastal areas, hurricane and extreme-weather damage as a share of the economy, and the share of homes in a flood plain.

Based on those overall risks, Texas, Florida, Georgia and Mississippi are among the states most at risk from climate change. Moody’s didn’t identify which cities or municipalities were most exposed.

https://www.bloomberg.com/news/articles/2017-11-29/moody-s-warns-cities-to-address-climate-risks-or-face-downgrades


This is like b o's government blackmail. 
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Solar

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Re: Moody's Warns Cities to Address Climate Risks
« Reply #2 on: November 29, 2017, 01:52:35 PM »

This is like b o's government blackmail.
Yes, like everything he did, he did without proof the climate was changing due to man, and here's Moody's carrying on as if nothing has changed.
I hope they get their asses sued over this nonsense.
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Online taxed

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Re: Moody's Warns Cities to Address Climate Risks
« Reply #3 on: December 03, 2017, 03:27:08 PM »
It's amazing how the climate knows where the state borders are.
"Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government."  -Milton Friedman

Offline Solar

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Re: Moody's Warns Cities to Address Climate Risks
« Reply #4 on: December 03, 2017, 03:41:50 PM »
It's amazing how the climate knows where the state borders are.
:lol: :lol: :lol: :lol: :lol:
Yeah, it only affects coastlines. :rolleyes:
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