Tesco downgraded by two rating agencies

clock

The bad news continued for embattled retailer Tesco yesterday after its credit rating was downgraded by two key agencies.

Both Fitch and Moody's downgraded Tesco's rating - with the latter saying it could be dropped further to junk status depending on the outcome of the ongoing investigation into its accounting practices....

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Ritu Vohora of T. Rowe Price

From beverage manufacturers to luxury goods: How pricing power trumps inflation

Valuations matter more than before

Ritu Vohora
clock 12 May 2022 • 4 min read
Nick Clay of Redwheel

The great equaliser: inequality gap cannot last much longer

Significant disparity

Nick Clay
clock 27 April 2022 • 4 min read
Industry Voice: Meeting the need for a sustainable and resilient water system

Industry Voice: Meeting the need for a sustainable and resilient water system

Hamish Chamberlayne, Head of Global Sustainable Equities, discusses how businesses are changing the way we use and consume water.

Hamish Chamberlayne, Head of Global Sustainable Equities at Janus Henderson Investors
clock 27 April 2022 • 7 min read
Trustpilot