Fitch Ratings will include natural disaster risks into its ratings of residential mortgage-backed securities, a sign that the industry is beginning to acknowledge the financial risks of climate change. Fitch is the first of the three major U.S. credit ratings agencies to consider environmental risk for RMBS, which are securities backed by the interest paid on residential mortgages. The change adds a new penalty to existing risk metrics that look at more conventional finance risks. […]
source https://therealdeal.com/miami/2019/06/06/fitch-to-include-natural-disasters-risks-to-rmbs-ratings/#new_tab
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