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Spokane, Washington, wildfires have credit analysts concerned
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The backyard of a home destroyed in the Old Trails Fire in Spokane, Washington.
The U.S. is enduring one of its worst wildfire seasons in years with the devastating wildfires in Spokane exemplifying the trend.
Bloomberg NewsThe wildfires raging in the Spokane, Washington, region "underscore Washington's growing environmental risks as climate-related disasters become more frequent and severe," Moody's Ratings analysts said in a report.
Aaron Farinacci, 37, of Spokane, has been charged with arson in connection with the Old Trails wildfire, the most damaging of the wildfires in the Spokane region, OPB, an independent nonprofit media organization, reported.
Moody's analysts said wildfire risk is one of the state's most significant physical climate exposures.