Fitch Ratings: Govt Reimbursements Can Help Address Contractors’ Cash Flow Worries From Pension Liabilities
Fitch Ratings has said U.S. government reimbursements and lower funding requirements can help mitigate cash flow impacts to defense contractors over the next three-to-four years as the companies face large underfunded pension liabilities. Changes to accounting rules enacted in 2012 will continue to impact interest rates used to calculate pension benefit obligations discount rates and will also affect reimbursements through 2017, […] More