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Changing climate affecting bond ratings for coastal SC cities

Cities borrow money by selling municipal bonds. A story this week in the Post and Courier in Charleston SC notes that finance companies are now starting to ask coastal cities are planning for climate change. The interest rates at which they can borrow money are starting to be affected these plans. The same thing is most likely happening in coastal cities all along the Southeast coast. You can read more here.

Source: National Park Service via Commons Wikimedia