Archive

US muni sustainable bond market to grow in 2024, predicts S&P

US municipal issuance of sustainable bonds is forecast to grow 5% in 2024 as issuers are incentivised to return to the market and issuance sizes continue to grow, according to S&P Global Ratings.

Debt-for-nature swaps not improving issuers' credit ratings

Debt-for-nature swaps have not made any improvement to sovereign credit ratings, according to S&P Global, although it predicted the instrument will continue to gain traction.

People Moves, 1 March: South Pole, PRI, Blue Earth Capital, United Bankers ... and more

S&P: US REIT green bond issuance plummets in 2023

Green bond issuance by US real estate investment trusts (REITs) plummeted to just 3.6% of the market in 2023, down from around 18% in both 2022 and 2021.

'Big four' sustainable finance SPO providers emerge in 2023

Sustainalytics, S&P Global Ratings, ISS and Moody's have emerged as the 'big four' second-party opinion (SPO) providers in the sustainable finance market in 2023, but the race for market share has tightened as the sector matures and consolidates.

Emerging markets to increasingly tap sustainable bond market in 2024, says S&P

Emerging markets could increasingly access the labelled bond market in 2024, S&P Global Ratings predicted, despite moderate growth being forecast for the market as a whole.

Regulating ESG ratings: Mission impossible?

As regulators around the world seek to define good practice for ESG raters, they are discovering the complexities of doing so, writes Michael Hurley

IOSCO should oversee ESG data and ratings principles for regulators, S&P suggests

The International Organisation for Securities Commissions (IOSCO) should develop a centralised set of principles for good conduct by ESG data and ratings providers, a senior executive at S&P has recommended.

S&P: Physical climate risk could reduce global economy by 4.4% a year

Physical climate risks are likely to become more material to S&P's sovereign rating analysis, the rating agency says. Ahren Lester reports

Shades of the transition spectrum

Christa Clapp and Erik Christianto of S&P Global Ratings talk to Environmental Finance about how the firm's second party opinion offering has changed one year on from the acquisition of the Shades of Green business from CICERO