The Ripple Effect: Water Risks In The Municipal Bond Market
Jan 12, 2011
- Investing in municipal bonds for major infrastructure projects bears hidden risks, says a newly issued report “The Ripple Effect: Water Risk in the Municipal Bond Market” by CERES. Many local and state governments are running the risk of defaulting on bonds because of massive financial problems. Worse, many electric and water utilities are experiencing surging water demand, pollution and more frequent drought. Despite these challenges, some municipal bonds still enjoy stable ratings agencies like Fitch, Moody’s and Standard & Poor’s and fail to point out apparent risk factors.
Ceres & Trillium Seek Nominations to Honor Leaders in Building Sustainable Global Economy
Jan 11, 2011
- January 11, 2011 – Ceres and Trillium Asset Management are seeking nominations for the fourth annual Joan Bavaria Awards for Building Sustainability into the Capital Markets. The Joan Bavaria Awards are given annually to two leaders working to move the capital markets toward a system that balances economic prosperity with social and environmental concerns. One award is given for long-term impact; the second award is for innovation.