%0 Journal Article %T The Risk in Moody’s Global Rating and Institutional Image in Emerging Countries Issuing Carbon Credit: NTN-G and Carbon Tokenization in Brazil %A Aline Cristina Galvã %A o Leandro %J Theoretical Economics Letters %P 763-778 %@ 2162-2086 %D 2025 %I Scientific Research Publishing %R 10.4236/tel.2025.153042 %X 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. %K Sovereign Rating %K Carbon Tokenization %K Institutional Image %U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=143441