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EDIT: Ok I think I figured it out and Aaron provided the key.
The ring description says the following with the athletics feat:
1 - You gain a climb speed equal to your land speed. (Thank-you Aaron for pointing this out.)
2 - AND you gain a +8 enhancement bonus.
Climb Speed - A creature with a climb speed has a +8 racial bonus on all Climb checks. ... (Ref:
https://www.d20pfsrd.com/skills/climb/)
Feats - If you have the Athletic feat you get a +2 bonus on Climb checks. If you have 10 or more ranks in Climb, the bonus increases to +4. (Ref:
https://www.d20pfsrd.com/skills/climb/)
Ring - Provides a +8 enhancement bonus
Wow.. To be honest that is way more than I expected but pretty awesome. Thanks for the help figuring it out.