Bonds and State Choices.

What is happening? Remember that expression- you’ve made your bed, now you have to lie in it? Well, here we are. Utah is miffed at investors who are applying ESG ratings to states for bond purposes. Investors want ESG criteria and States say it’s too subjective.

Why is this important? S&P Global will be assessing states’ ESG exposure. This should been surprise to anyone. SEC has new rules, NASDAQ requires certain ESG standards to be listed on its exchange. It’s not just here. FOREX in Europe – ditto.

How will this be important? S&P has emphasized that ESG data indicators do not change the state’s credit rating criteria. More drama made of this than a telenovela, “Aye! Dios mio!”

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