Tesco troubles threaten its CMBS

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Tesco troubles threaten its CMBS

Tom Porter
April 30, 2014 11:00 AM
Tesco 230x
London, United Kingdom. 16th April 2014 -- Tesco Supermarket brand logo sign illuminated at night. -- UK supermarket giant Tesco announced a 6 per cent fall in annual group trading profits to GBP 3.3 billion for the second year running which is blamed on falling prices and competition from discount rivals Aldi and Lidl. UK Supermarket Tesco Profits Fall Again as Sales Slide UK Supermarket Tesco Profits Fall Again as Sales Slide | Amer Ghazzal / Demotix/Demotix/Press Association Images

Moody’s has placed nearly £4bn of CMBS credit-tenant-linked notes issued by Tesco plc on review for downgrade. The rating agency placed the UK supermarket group’s senior unsecured rating on review for downgrade earlier this week as rivals continue to eat into its market share and profits.

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