Sub-Sovereign Risk Ratings help investors to understand a municipality’s long-term ESG risk exposure, using quantitative aggregated information to assess its current wealth and whether that wealth is at risk due to socio-economic and ESG factors. Our transparent methodology and wide-ranging ESG and wealth data provide investors with a comprehensive view of a municipality's ESG-related risks. The ratings are a strong fit for assessing US general obligation bonds but can be leveraged for any geographic construct, from broad regional to local levels.