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Climate change is riskiest for these countries: S&P

2015-11-27 07:58:00| Climate Ark Climate Change & Global Warming Newsfeed

CNBC: Climate change will worsen the hit to countries' ratings from severe natural catastrophes by one-fifth of a notch on average, according to simulations by S&P. But the hit could be even greater for vulnerable countries, such as Thailand, which could see a fall in the ratings by as much as two notches. "Our simulations indicate that climate change-related natural hazards can harm sovereign ratings," S&P credit analyst, Marko Mrsnik, said in a report on Thursday. "In terms of average impact of climate...

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