Moody’s says US$4 trillion of global debt exposed to risks

A total of 16 sectors currently faced “high or very high environmental credit risk,” compared to just nine sectors in 2015, Moody’s said in a report. — Bloomberg

NEW YORK: The amount of debt facing heightened exposure to environmental risks has more than doubled to over US$4 trillion in less than a decade, according to Moody’s Investors Service.

A total of 16 sectors currently faced “high or very high environmental credit risk,” compared to just nine sectors in 2015, Moody’s said in a report.