Natural disasters can affect sovereign ratings – Moody’s

EMERGING economies like the Philippines are significantly more exposed than developed countries to natural disasters and this could have repercussions on a sovereign’s creditworthiness credit rater Moody’s Investors Service said.

Overall, $1.6 trillion of damage occurred in a developed world during the past 35 years, compared to less than $900 billion damage in emerging and developing countries, Moody’s said in a report analyzing the exposure to natural disasters of its 125 rated sovereigns.