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Credit Benchmark research advisor David Carruthers
Nearly 40% of sponsors have significantly lower credit ratings than their pension schemes, which increases the likelihood of those funds being forced to rely on asset sales in the liability-driven investment (LDI) crisis, according to research.
Research by Credit Benchmark found that 63 out of 156 defined benefit (DB) pension sponsors have credit ratings that are more than three notches weaker than their pension funds. It comes as some sc...
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