Subscriber login Close [x]
remember me
You are not logged in.

TescoGate: Credit rating downgraded in fear of shareholder litigation

Published:  24 October, 2014

Moody's Credit Agency further downgraded Tesco short and long-term credit in response to company's announcement yesterday that it had overstated profits by £263m. Tesco's ratings will remain on review for further downgrades due to concerns over the potential financial impact for shareholder litigation.

Access to this article is restricted.

You need to have a valid subscription to access this content. If you already have a subscription please log in.

Subscribe

Subscribe today for unrestricted access to ALL content and receive all email newsletters.


Register

Register today to receive FREE email newsletter. A subscription will however be required to view restricted content.