Irish based ISEQ quoted companies Pension Deficit 12-14% of market capitalisation
Dec 19th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The total pension accounting deficit for Irish based ISEQ quoted companies has been estimated at 12-14% of their market capitalisation, according to a study conducted by Attain Consulting. This amounts to €3.5 billion which would have been greater but for a widening of the credit risk in corporate bonds. The report warns that if credit spreads revert to their norm then the impact on pension accounting deficits will be dramatic.