09:05 AM EDT, 06/24/2024 (MT Newswires) -- Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Hurricane Scores, according to ICE Climate Data.

A $7 million offering from Kings Point, N.Y., records a Flood Score of 4.6 out of 5.0, ICE reports. Locations with a component Physical Climate Risk Score, which includes Flood, Wildfire and Hurricane, of 3.0 or higher out of 5.0 indicate high physical climate risk due to hurricane, flooding or wildfire events.

A $5 million bond deal from Crookston Independent School District, Minn., has a Flood Score of 3.7 out of 5.0 on ICE's scale, while a $150 million tranche from Lee County, Fla., records a Hurricane Score of 3.7.

Separately, an $8 million offering from Matagorda County, Texas, records a total Climate Risk Score of 4.2, and a $170 million offering from Clear Creek Independent School District, Texas, has a Climate Risk Score of 3.8 out of 5.0 due to their proximity to weather-related events, according to ICE Climate Data.

This content is created by MT Newswires and includes certain data sourced from ICE Climate Data ("ICE"). Views of MT Newswires do not necessarily represent the views of ICE. ICE is not a nationally registered statistical rating organization, nor should this commentary be construed to constitute an assessment of the creditworthiness of any company or financial instrument or as providing investment advice. Climate analytics available from ICE are meant to be generally indicative of overall feature sets but should not be considered an analyst's opinion of the underlying investability of a particular location or security.

The ICE Climate Risk Score is a singular, 0.0-5.0 assessment score that blends all the ICE Spatial Intelligence Platform's climate hazard models together into one rigorous, relative measure of total property risk from physical climate hazards to a given location or set of locations related to the investment. To learn more about the ICE Climate Risk Data, visit: ICE Sustainable Finance Data (https://www.ice.com/data-services/sustainable-finance-data/disclaimer)