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Tesco PLC - Ratings Navigator

Published Dec 03, 2014

3 pages (2125 words) — Published Dec 03, 2014

Price US$ 500.00 | Buy this Report Now

About This Report

Brief Excerpt:

...Group EBIT margin deteriorating below 2%, with accelerating competitive pressures in the UK food retail market, FFO fixed charge cover below 2.0x and sustained negative FCF resulting in retail-only (excluding Tesco bank) FFO-adjusted net leverage sustained above 4.5x would be ratings negative. Liquidity is sufficient, supported by access to undrawn bank facilities of GBP2.7bn at FYE14 and available cash of GBP2.9bn at 1H15 (lowered by GBP300m considered either legally restricted or absorbed in the working-capital cycle)....

Report Type:

Navigator

Company(ies)

Tesco PLC , Tesco Corporate Treasury Services PLC

Ticker(s)

TSCO

Format:

PDF

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Cite this Report


MLA:	Fitch Research. "Tesco PLC - Ratings Navigator" Dec 03, 2014. Alacra Store. May 09, 2025. <http://www.alacrastore.com/fitch-credit-research/Tesco-PLC-Ratings-Navigator-822748_report_frame>

APA:	Fitch Research. (). Tesco PLC - Ratings Navigator Dec 03, 2014. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/fitch-credit-research/Tesco-PLC-Ratings-Navigator-822748_report_frame>

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