NO.PZ2022120701000074
问题如下：
Which of the following best describes the relationship between ESG and credit ratings?选项：
A.ESG and credit ratings are positively correlated. B.The link between ESG ratings and credit ratings is still hotly debated among credit investors. C.Surveys from credit investors suggest that S factor remains more important than E and G factors.解释：
The ways that E and S factors transmit to economic growth and potential can also be indirect, and the way CRAs assess this is still evolving The G factor is a more obvious and direct assessment, which has been analyzed historically The link between ESG ratings and credit ratings is still hotly debated among investors Proponents might point to a Barclays’ study looking at a high ESG portfolio versus a low ESG portfolio using two different ESG datasets (MSCI and Sustainalytics) The case for sustainable bond investing strengthens, but critics would point out the flaws of correlational studies as well as the short 2009–18 time period Critics further point out that the factor attributions post-2008/2009 (the financial crisis) and some ESG ratings correlate with quality factors (though not all)如题
