Climate Change Will Hurt Nations' Credit Ratings, S&P Warns

Credit-rating agency Standard & Poor's warns that climate change will have a negative effect on credit ratings. | Fotosearch Value via Getty Images

huffingtonpost.com - by Sara Gates - May 17, 2014

Add credit ratings to the list of things climate change might ruin.

According to a recent report released by Standard & Poor's Ratings Services, rising global temperatures will put downward pressure on sovereign credit ratings. The international credit-rating firm warns that poorer countries and nations with already low ratings will be hit the hardest by the effects of climate change.

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