UK - Beleaguered aerospace giant BAe Systems' credit rating has been downgraded due to the £2.2bn deficit in its pension scheme and a weak outlook.
The T&G union is also threatening industrial action against aerospace giant over plans to alter its pension schemes. Global ratings agency Moody’s Investor Services cut BAe’s long-term debt rank...
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
