PARIS:- Climate change will put current credit ratings on sovereign debt at risk, especially in southeast Asia and the Carribean, as the likelihood of natural disasters rises along with temperatures, rating agency Standard and Poor’s said on Thursday. “Our simulations indicate that climate change-related natural hazards can harm sovereign ratings,” Standard and Poor’s analyst Marko Mrsnik said in a statement. Credit risk from natural catastrophes, especially cyclones, storms and floods, was set to rise by 20 percent on average, Standard and Poor’s said.–AFP