It’s Not Easy Being a Green-Bond Investor So Raters Are Helping
- New S&P Global product evaluates environmental impact of debt
- Joins Moody’s, Trucost as issuance on record $76 billion pace
This article is for subscribers only.
One recurring criticism of the green-bond market is that a company or municipality can call nearly anything green. Credit-rating companies are looking to change that.
S&P Global Inc. is planning a new evaluation product that will analyze the environmental impact of securities issued in the global green-bond market -- which could reach a record $76.2 billion in issuance this year, if the current pace of sales continue, according to Bloomberg New Energy Finance figures.