Standard & Poor's Ratings Services has downgraded its long-term debt rating for ITV because of a "ballooning" pensions deficit and poor first-half performance.
The ratings agency said it had lowered its long-term corporate credit and senior unsecured debt ratings on the broadcaster to B+ from BB-. It said the outlook was "negative". It said it based it...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date