Emerging economies are most exposed to the credit effects of weather

_{Note: Moody’s Corporation is comprised of separate divisions. Moody's Ratings publishes credit ratings and provides assessment services on a wide range of debt obligations, programs and facilities, and the entities that issue such obligations in markets worldwide, including various corporate, financial institution and governmental obligations, and structured finance securities. Moody's Ratings products are set out here. All other products and solutions described on this site are provided by Moody's, a global provider of data and information, research and insights, and decision solutions.}