Credit Ratings & Climate Change Resilience: A Framework for Assessing Airports, Seaports, & Toll Roads
| dc.contributor.author | Brown-Neuhaus, Virginia Gale | |
| dc.contributor.author | Harloe, Christopher | |
| dc.contributor.author | Kwekam, Gilles David | |
| dc.contributor.author | Lu, George | |
| dc.contributor.author | Quenga, Joseph | |
| dc.contributor.author | Snyder, William | |
| dc.date.accessioned | 2022-05-16T16:44:50Z | |
| dc.date.available | 2022-05-16T16:44:50Z | |
| dc.date.issued | 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. | |
| dc.identifier.uri | https://hdl.handle.net/1920/12855 | |
| dc.relation.ispartofseries | GMU School of Public Policy Working Papers; | |
| dc.rights | Attribution-NonCommercial-NoDerivs 3.0 United States | |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/3.0/us/ | |
| dc.subject | Credit Ratings | |
| dc.subject | Climate change | |
| dc.title | Credit Ratings & Climate Change Resilience: A Framework for Assessing Airports, Seaports, & Toll Roads | |
| dc.type | Technical Report |