UK - Standard & Poor's has cut Rolls Royce's credit rating to just two places above junk status because of its pension liabilities.
S&P said that while the outlook for Rolls Royce was “stable” it had cut the firm’s rating to triple-B after the engine manufacturer reported a “significant post-retirement liability” of approximate...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
