The CFA Society New York hosted the “Sustainable Investing Forum: ESG, Viewed by the Ratings Agencies”, which Monticello was pleased to attend. Leaders from Fitch, Moody’s and S&P shared their thoughts on how ESG factors impact credit ratings across regions and sectors. While Environmental, Social, and Governance criteria do not solely create a creditor’s overall firm rating, there are impacts on credit quality, with Governance being the most important factor impacting credit risk.