Today’s game-changer: Moody’s just downgraded Tesco to ‘junk’

There was more bad news for embattled Tesco today, after it emerged that credit rating agency Moody’s had downgraded the supermarket to ‘junk’ status.

150109-tesco

Tesco met the main credit rating agencies on Wednesday to try to avoid a downgrade

What happened?

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Mischa graduated from New College, Oxford in 2014 with a BA in English Language and Literature. He joined MoneyWeek as an editor in 2014, and has worked on many of MoneyWeek’s financial newsletters. He also writes for MoneyWeek magazine and MoneyWeek.com.