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Credit Ratings & Climate Change Resilience: A Framework for Assessing Airports, Seaports, & Toll Roads

Show simple item record Brown-Neuhaus, Virginia Gale Harloe, Christopher Kwekam, Gilles David Lu, George Quenga, Joseph Snyder, William 2022-05-16T16:44:50Z 2022-05-16T16:44:50Z 2022-05
dc.description.abstract This report provides a framework for incorporating climate change resilience in Fitch Ratings’ credit rating assessments of airports, seaports, and toll roads. We build on current transportation resilience practices and climate-related assessments, key credit rating drivers, stakeholder interviews, and analysis of nonrecourse municipal securities official statements to develop a conceptual resilience framework that may be useful in expanding into Fitch Ratings credit rating process for transportation projects. This proposed framework can help develop quantifiable information to determine a project’s resiliency by analyzing these factors: project type, asset level; asset productivity; and strategic response planning. By focusing on the vulnerabilities and portfolio exposure, the framework provides a means to assess a project’s climate-related risks and resilience that can be easily distinguished between a high, medium, and low risk-resilience metric. en_US
dc.relation.ispartofseries GMU School of Public Policy Working Papers;
dc.rights Attribution-NonCommercial-NoDerivs 3.0 United States *
dc.rights.uri *
dc.subject Credit Ratings en_US
dc.subject Climate Change en_US
dc.title Credit Ratings & Climate Change Resilience: A Framework for Assessing Airports, Seaports, & Toll Roads en_US
dc.type Technical Report en_US

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