Plant Tracker Report (2023), The impact of the 2007-2008 global financial crisis on the credit ratings of nature dependant exporters
A follow up to the Planet Tracker report Nature Dependent Exporters: What do they have in common (2022).
A ground-breaking analysis of the effects of nature dependency on a country’s credit rating demonstrates that after the 2008 financial crisis, the correlation between nature and credit ratings has weakened and economies most dependent on nature exports have maintained a stable rating and those least dependent have worsened, indicating that, following market shocks, ratings may not price nature in as extensively as they should. Planet Tracker therefore calls on investors to address risks based on the best science available.
Authors:
Zachary Turk, London School of Economics and Political Science
Filippo Grassi, Planet Tracker
Editor: Erica Eller
