Archive

'Pretty poor' 2023 for sustainability-linked leveraged loans

2023 was a "pretty poor" year for European sustainability-linked leverage loan deals as borrowers and investors avoided the instrument, according to Fitch Solutions-owned Covenant Review.

Energy companies 'failing to shift away from fossil fuels', warns Sustainable Fitch

Energy companies have made "limited progress" towards hitting their net zero carbon targets, Sustainable Fitch has warned, with just one of 12 firms assessed awarded a 'green' rating.

Blue bonds look set to grow in interest, predicts Sustainable Fitch

Amid a rise in labelled bonds with water management characteristics and growing focus on water risk, Sustainable Fitch has predicted that blue bonds will see growth in 2024.

Singapore taxonomy a sign of things to come for transition finance, says Fitch

Singapore's sustainability taxonomy is an internationally significant development that is likely to kick-start financing deals for 'transition' activities, Sustainable Fitch has said.

Use of proceeds bonds 'increasingly target biodiversity'

Issuance of bonds that list biodiversity-related measures among their eligible 'use of proceeds' has grown "substantially" in recent years, Sustainable Fitch said, as it argued the labelled bond market has an outsized role to play in biodiversity protection.

Nature poses credit risk to Asian sovereigns

Nature-related risks such as flooding or cyclones pose a major credit risk to south and southeast Asian sovereigns, Fitch Ratings has warned.

Bond round-up: Colombia, Metawater, Mitsui OSK Lines ... and more

Fitch: Social to rise up the sustainable bond agenda in 2024

Nature-related sustainable bond issuance is set to give social co-benefits greater prominence in 2024, Sustainable Fitch says. Ahren Lester reports

'Blue' bond guidance will support market in 2024 - but not debt-for-nature swaps

Recent guidance around 'blue' bond issuance to support the growth of the water-focused sustainable bond market could result in debt-for-nature swap transactions dropping the blue bond label, according to Sustainable Fitch.

10% of sustainability-linked bonds 'not aligned' with ICMA principles, says Fitch

One in ten of the sustainability-linked bonds (SLBs) rated by Sustainable Fitch are "not aligned" with the widely accepted principles administered by the International Capital Market Association (ICMA), almost four-times the level for green, social and sustainability bonds.