22 state AGs alert SEC of rating agencies’ ESG promotion
The coalition says the agencies used flawed climate assumptions and a retracted study, and it wants disclosures, reversals and methodology changes.
- Montana Attorney General Austin Knudsen led a coalition of 22 state attorneys general in a letter to the U.S. Securities & Exchange Commission, criticizing how ratings agencies Moody's, Fitch, and S&P Global push ESG agendas.
- The attorneys general argued ESG-driven downgrades contravene stated methodologies and reveal undisclosed conflicts of interest, noting all three agencies pledged to a United Nations-backed group to incorporate ESG into credit ratings.
- In the letter, the coalition noted a report issued by Moody's in August 2026 relies on the implausible Representative Concentration Pathway 8.5 climate scenario, citing a $41 trillion damage estimate from a retracted paper.
- American Energy Institute CEO Jason Isaac told The Center Square that agencies should "reflect financial reality, not an ESG agenda," urging the SEC to hold firms accountable to their methodologies and disclose conflicts.
- Neither Moody's, Fitch, nor S&P have responded to requests for comment regarding the latest letter, which follows a separate demand from 23 attorneys general in April for explanations of fossil-fuel downgrades.
33 Articles
33 Articles
22 state AGs alert SEC of rating agencies’ ESG promotion - Regional Media News
(The Center Square) - Attorneys general from 22 states sent a letter to the U.S. Securities & Exchange Commission detailing how multiple ratings agencies such as Moody's Corporation, Fitch Ratings and S&P Global Ratings still push an ESG agenda, months after a group of state [...]
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22 state AGs alert SEC of rating agencies’ ESG promotion
(The Center Square) – Attorneys general from 22 states sent a letter to the U.S. Securities & Exchange Commission detailing how multiple ratings agencies such as Moody’s Corporation, Fitch Ratings and S&P Global Ratings still push an ESG agenda, months…
Knudsen Leads 22-State Coalition Urging SEC Scrutiny of Moody’s
HELENA, Mont. — Montana Attorney General Austin Knudsen is leading a 22-state coalition urging the Securities and Exchange Commission to examine whether Moody’s Corporation is complying with federal rules governing credit-rating agencies and potential conflicts of interest. In a letter to K. Scott Davey, acting director of the SEC’s Office of Credit Ratings, the attorneys Read more...
Idaho Joins 21 States Urging SEC Scrutiny of Credit Rating Agencies Over ESG Practices
WASHINGTON, D.C. – Attorneys general from 22 states sent a letter to the U.S. Securities & Exchange Commission detailing how multiple ratings agencies such as Moody’s Corporation, Fitch Ratings and S&P Global Ratings still push an ESG
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