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

LONDON (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 demographic changes and concluded that unless countries implemented reforms to tackle age-related spending, more than a quarter of them nations could ha