Attorney General Knudsen urges SEC to strictly scrutinize credit rating agency

ESG Reckoning: 22 State AGs Go After Moody's Over 'Abandoned' Climate Science

22 state AGs want SEC scrutiny of Moody's ESG ratings, an abandoned climate scenario and potential conflicts.

POLITICS: 22 State Attorneys General Accuse Moody’s of Using Discredited Climate Model in Ratings – The Beltway Report

A coalition of 22 state attorneys general has filed a complaint asking the Securities and Exchange Commission to investigate Moody’s, one of the world’s largest credit rating agencies, over its use of a climate scenario that scientists have since deemed implausible. The complaint focuses on an August Moody’s report that used Representative Concentration Pathways (RCP) 8.5, an extreme emissions scenario, to project future heat and water risks fac…

22 State Attorneys General Accuse Moody’s of Using Discredited Climate Model in Ratings

A coalition of 22 state attorneys general is asking the SEC to investigate Moody's for using a climate scenario scientists have deemed implausible, arguing the agency's ratings have hurt energy-dependent states including Alaska and Wyoming.

Attorney General Knudsen urges SEC to strictly scrutinize credit rating agency

HELENA – Montana Attorney General Austin Knudsen led a 22-state coalition of attorneys general in urging the U.S. Securities and Exchange Commission (SEC) to strictly scrutinize Moody’s Corporation, a credit rating agency, after the agency published a report that relies on false environmental, social, and governance (ESG) predictions. Moody’s ESG predictions raise concern under federal [...]