Cities and states could see their credit ratings crash if they don't start preparing for climate change

Thomson Reuters A new report from Moody's outlines how the credit rating agency will evaluate the impact of climate change in its ratings for state and local bond issuers. The report emphasizes how climate shocks from rising sea levels and extreme weather events will harm coastal communities. If these communities don't prepare for climate change, Moody's says their credit ratings could suffer and interest rates might increase. One of the largest credit rating agencies is warning coastal cities a...