Salt Lake City
Ideological criteria will now influence the credit ratings of state and local governments, thanks to S&P Global Ratings. In addition to rating governments based on meaningful financial criteria, in March the largest of the top three credit rating agencies began adopting a rating system. environmental, social and governance, or ESG,. But Utah won’t follow these subjective standards. State officials, myself included, recently wrote a letter to S&P protesting the ESG indexes and ratings it assigned to Utah and calling on the company to withdraw them.
https://www.wsj.com/articles/s-and-p-states-politicized-credit-scores-esg-rating-utah-oaks-carbon-environmental-energy-crisis-price-fracking-ukraine-russia-11652037089 S&P Hits U.S. States With Politicized Credit Scores