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ESG Factors Rarely Influence Ratings of Supranational Issuers – Fitch

Governance factors had the highest impact, while environmental factors generally deemed irrelevant to supranational credit ratings.

ESG factors are not the key driver of ratings of supranational institutions, according to a new report by Fitch Ratings. While all supranational ratings are influenced by at least one ESG factor, instances of them being the key driver are low. The report noted only three instances where an individual…

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