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Climate Change to Hit Sovereign Creditworthiness: S&P

Global warming will harm sovereign creditworthiness around the world this century, with poorer nations the worst hit, Standard & Poor’s Ratings Services said.

Climate change is one of two “global mega-trends” alongside aging populations that dominate global economic risks, the agency said today in a report. It identified the most vulnerable nations as Vietnam, Bangladesh and Senegal. Luxembourg, Switzerland and Austria were deemed least at risk.