NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) examines the short-term environmental effects of global stay-at-home and lockdown orders, in addition to the potential future environmental ramifications as countries move to bolster their economies as the virus slows.
About 95% of Americans or 306 million people, are under stay-at-home orders to help stop the spread of coronavirus. Globally, approximately four billion people—or half the world’s population—are under similar orders. Many countries including India, Italy, the UK, and France are under a full lockdown, limiting the movement of their citizens to only essential outings. With much of the world’s population staying at home, economic activity has slowed materially, which is impacting the environment and curbing global emissions. Some of this reduction is likely temporary, a function of policymaker strategies to bring the virus under control. As is the case with any material economic shock, KBRA expects there will be changes to the status quo as a result of the pandemic, as economic players use the crisis and the recovery period as a chance to restructure.
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About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.