The S&P Global Ratings has negatively revised its forecast for the global issuance of green, social, sustainability and sustainability-linked bonds (GSSSB), now predicting it to be 16% lower than 2021 “in light of worsening credit conditions”.
This was a downgrade on its February outlook, which had forecast GSSSB issuance to hit £1.5trn for the year, but now expected to be just $865bn new issuance. In analysis drawn from the Environmental Finance's Bond Database, the report said that global bond markets had experienced "weaker issuance" trends in the first half of the year and said these were "likely to continue" in H2. This downgrade reflected the tougher market for bonds globally, not just ESG or sustainably linked bonds. The report forecast global bond issuance to also decline 16% this year. Prior to this year, GSSSB ...
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