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S&P Credit Research2966 word report
published Jun 10, 2009
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$500.00 available for immediate download
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services believes that the funded statuses for many corporate defined benefit pension plans (as well as funded other postretirement plans) have deteriorated substantially. As a result, we believe many companies now are facing larger unfunded pension and other postretirement burdens than in recent years. Standard&Poor's treats the tax-adjusted unfunded balance of these plans as debt-like obligations and adds this amount to reported debt for purposes of our analysis. (For further explanation of our criteria and the adjustments we make for pension and other postretirement plans, please refer to the "Encyclopedia of Analytical Adjustments" section in Standard&Poor's "Corporate Ratings Criteria 2008," published April 15, 2008, on RatingsDirect.) We believe that, in addition to
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| Brief Excerpt: | RESEARCH Ratings Definitions How Unfunded Postretirement Benefits Could Weaken The Credit Quality Of Some U.S. Retailers Publication date: 10-Jun-2009 Primary Credit Analysts: Leonard Grimando, New York (1) 212-438-3487; leonard_grimando@standardandpoor...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
