Failure to tackle age-related spending may lead to worsening credit ratings – S&P

A view shows the Standard & Poor’s building in New York’s financial district February 5, 2013. REUTERS/Brendan McDermidMoreLONDON (Reuters) – Facing an ageing population and ballooning healthcare and pension bills, governments around the world will have to reform welfare systems or face a deterioration in their credit ratings, Standard & Poor’s said on Thursday.
The ratings agency looked at 58 developed and emerging nations to assess the economic consequences of d