Tesco credit rating downgrade possibility: Has its house brands strategy gone too far?

 In Australia, International, NewZealand
Leading UK grocery retailer Tesco is facing some ntough decisions after ratings agency Standard & Poor changed its noutlook from “stable” to “negative” due to concerns about “weakening” nprofits at the supermarket giant.  Standard & Poor said it was also nre-considering the supermarkets current credit rating.

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In a statement the ratings agency said “that in light of currently ndifficult industry conditions, a trend of weakening profitability and nlow top-line growth will continue.” Australian Food News – Read More.

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