The Ripple Effect: Water Risks In The Municipal Bond Market
Water scarcity risks in municipal bonds and other resource risks are often ignored when it comes to long-term investments.
By Franziska Scheven
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,....