Natural resources can affect value of sovereign bonds – UNEP

Reuters: Countries' natural resources should be considered when assessing sovereign credit risk as their worth can affect the underlying value of sovereign bonds, the United Nations' Environment Programme (UNEP) said on Monday. Pressures on nations from the overuse and scarcity of water, food, forests and minerals, coupled with the effects of climate change, are currently mostly left out of models used to set sovereign credit ratings. "Commodity markets, food prices and food and resource security are......

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