Republican State AGs Investigate Fitch, Moody’s, S&P Over ESG Rating Practices
A coalition of Republican state attorneys general is investigating whether credit rating agencies Fitch Ratings, Moody's Investors Service, and S&P Global Ratings improperly used ESG factors to downgrade fossil fuel companies. The probe questions the legality of their methodologies and potential conflicts of interest.
Topics: credit rating agencies ESG ratings fossil fuels regulation state attorneys general