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Mass biodiversity loss would slash global credit ratings, report warns

Channel News Asia LogoChannel News Asia6d ago

Mass biodiversity loss would slash global credit ratings, report warns

Quick Summary

Malaysia's costs would rise between $1 to 2.6 billion, while it companies would need to cover additional $1 to 2.3 billion.

"More importantly, these two sovereigns would cross from investment to speculative-grade," the report said, referring to what investors usually dub a higher risk 'junk'-grade credit rating.

It estimated that the detrimental impact would result in 58 per cent of the 26 countries studied facing at least a one notch downgrade of their sovereign credit rating.


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Article Details

Category: Business

Topics: Downgrades Biodiversity Mediacorp Loss China Billion Ratings Collapse Additional University Credit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 08:10:10

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 509 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 4717

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About Channel News Asia

Main Topics: Business

Official Website: channelnewsasia.com

Update Frequency: 16 posts per day

Year Established: 1999

Headquarters: Singapore

Last Updated: 53m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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