S&P clampdown on US liabilities


Standard and Poor’s has placed 13 US companies on negative outlook owing to their unfunded post-retirement benefit liabilities. The move was mainly prompted by the companies’ year-end disclosures, which shed light on the extent of their unfunded liabilities.

Scott Sprinzen, analyst at Standard & Poor’s, says: “We are taking this action in response to a specific development, although broadly speaking we have been placing a greater emphasis on this issue over the past year.”


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