Moody’s & Fitch to Remain Woke, Refuse to Dump ESG Scores like S&P

Last week S&P Global Ratings, the largest and most important of the Big Three credit-rating agencies, which include Moody’s Investors Service and Fitch Ratings, announced it is ditching its system of numerically ranking corporate borrowers on their ESG risk (see S&P Global De-Wokeifies – Dumps ESG Scores from Credit Ratings). Even though S&P will no longer issue a 1 to 5 grade for ESG, the other two (smaller and less important) rating services, Moody's and Fitch, have reiterated their love of ESG and love of shaming companies into becoming woke like them.

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