LONDON: Bond investors can't rely on credit ratings to give them a fair assessment of the climate risk they're exposed to and should brace for 'trouble ahead,' according to the Institute for Energy Economics and Financial Analysis (IEEFA). From within the big three credit rating companies - Moody's Investors Service, S&P Global Ratings and Fitch Ratings - warnings have already been issued, but these have gone largely unnoticed, IEEFA, a US-based non-profit organisation, said. Inside the industry, 'alarm bells have been sounding for months,' said Hazel Ilango, an energy finance analyst focused on debt markets at IEEFA.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-08-23-story-h-241926569-Bond_investors_warn_of_trouble_brewing_over_climate_risk

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