Republican Attorneys General challenge credit-rating firms on ESG practices

14 articles · Updated · Bloomberg · Apr 28

Officials from 23 Republican-led states, including Texas, Florida, and Oklahoma, wrote to the SEC and major credit-rating agencies.
They allege Fitch, Moody’s, and S&P have undisclosed material conflicts of interest due to commitments to a UN-backed ESG initiative.
The letter raises concerns that ESG factors may improperly influence credit downgrade decisions, intensifying ongoing national debates over ESG’s role in financial markets.

Will rating agencies abandon ESG commitments under threat of state legal action?

Could your state's borrowing costs rise due to these controversial ESG credit ratings?

Are ESG factors a legitimate risk tool or a cover for political agendas in finance?

Is ignoring climate risk a bigger danger to investors than using flawed ESG data?

Why do some Chinese state firms get better ESG scores despite expanding coal use?