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
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
