TITLE:
The Risk in Moody’s Global Rating and Institutional Image in Emerging Countries Issuing Carbon Credit: NTN-G and Carbon Tokenization in Brazil
AUTHORS:
Aline Cristina Galvão Leandro
KEYWORDS:
Sovereign Rating, Carbon Tokenization, Institutional Image
JOURNAL NAME:
Theoretical Economics Letters,
Vol.15 No.3,
June
23,
2025
ABSTRACT: This article analyzes how the global credit score assigned by Moody’s influences Brazil’s institutional image, focusing on ESG (Environmental, Social, and Governance) metrics and financial innovation represented by NTN-G (National Treasury Note Series G). The NTN-G, designed as a public bond backed by carbon credits and tokenizable through the startup iCarbon, is highlighted as a strategic solution to strengthen the country’s reputation by promoting economic sustainability and alignment with global sustainable development goals. Based on financial management and socio-environmental governance frameworks, the study integrates ESG practices, technological innovation, and financial instruments to enhance Brazil’s credibility in the global market.