Latin America and the Caribbean face multiple and increasingly frequent risks from a changing climate, ratings agency Moody's Investors Service said on Thursday, with the risks highest for the region's energy and extractive sectors.
The dangers include sea level rise, unprecedented fires, droughts, floods and extreme weather, "with dangers to credit quality across various geographic regions and industries," Moody's said.
Argentina's main farming zones are facing the driest conditions in around 30 years, agricultural and weather experts said, raising fears about a new "great drought" and stalling planting of corn in the world's No. 3 exporter of the grain.
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