Kroll Bond Rating Agency (KBRA) releases a research report on the implications of climate change for the nations three largest cities: New York, Los Angeles and Chicago. The impacts of climate change are upon us and scientists report that we can expect continued change and more frequent extreme weather. Such change can exacerbate the challenges of aging infrastructure, impact municipal revenues, disrupt economies, impact public health, and displace populations.
In this report, KBRA endeavors to bridge the scientific concepts of climate change and the resulting actions of New York, Los Angeles and Chicago to address climate risks. To that end, we are working with Climate Central, a leading climate research organization, to examine the climate risks facing the nations three largest cities.
To access this research report, please click here.
Related Publications: (available at www.kbra.com)
- Municipal Improvement Corporation of Los Angeles, CA Surveillance Report
- City of Chicago, IL Surveillance Report
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About KBRA and KBRA Europe
KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus, is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
Karen Daly, Senior Managing Director