NPR

Credit Rating Agency Issues Warning On Climate Change To Cities

Moody's Investor Services says it might downgrade U.S. cities' credit rating if they don't deal with the risks posed by climate change.
Buildings are seen near the ocean in North Miami. Broward County and many communities in southeast Florida have been aggressive and proactive in preparing for the effects of climate change.

One of the largest credit rating agencies in the country is warning U.S. cities and states to prepare for the effects of climate change or risk being downgraded.

In , Moody's Investor Services Inc. explains how it assesses the credit risks to a city or state that's being impacted by climate change — whether that impact be a short-term "climate shock"

You’re reading a preview, subscribe to read more.

More from NPR

NPR4 min read
Senate Passes FAA Reauthorization Bill, Sending Legislation To The House
The Senate passed a bill designed to improve safety and customer service for air travelers, a day before the law governing the Federal Aviation Administration expires.
NPR2 min read
What's Past Is Present For Ukrainian Composer Valentin Silvestrov
The 86-year-old Kyiv native, living in exile in Berlin, has a new album of symphonic works that explores the idea of reminiscence.
NPR4 min read
New 'Doctor Who' Star Ncuti Gatwa Feels 'Sad' For Critics Of Show's Diversity
Gatwa is the first Black man and the first person born outside the U.K. to play The Doctor. He's candid about how his own life has influenced his take on the role — and about his critics.

Related Books & Audiobooks