S&P Global De-Wokeifies – Dumps ESG Scores from Credit Ratings

S&P Global Ratings is a credit rating agency and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, including Moody's Investors Service and Fitch Ratings. In what can only be characterized as an earthquake in the so-called ESG movement, S&P Ratings announced it is ditching its system of numerically ranking corporate borrowers on their ESG risk on a scale of 1 to 5--just two years after implementing it. Why?

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