Batteries May Trip ‘Death Spiral’ in $3.4 Trillion Credit Market
- Energy storage technologies impact a quarter of corporate debt
- Fitch urges utilities to diversify to limit risk of disruptive
This article is for subscribers only.
Battery technologies starting to disrupt the electricity and automobile industries may also emerge as a trillion-dollar threat to credit markets, according to Fitch Ratings.
A quarter of outstanding global corporate debt, or as much as $3.4 trillion, is linked to the utility- and auto-industry bonds that rely on fossil fuel activities, the ratings agency wrote in a report published Tuesday.