...On a retail-only basis, a sustained group EBIT margin of more than 2.5%, positive free cash flow after capex and dividends, FFO fixed charge cover above 2.0x and adjusted FFO net leverage below 4.5x could lead to a positive rating action....
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Fitch Revises Tesco's Outlook to Stable; Affirms IDR at 'BB+' – 2016/04/21 – US$ 149.00
Fitch: Sterling Slide May Pressure UK Retail, Airline Ratings – 2016/10/17 – US$ 149.00
Fitch: Tesco Deal Highlights Industry Focus on Innovative M&A – 2017/01/30 – US$ 149.00
Tesco PLC – 2015/08/19 – US$ 300.00
Tesco PLC - Ratings Navigator – 2015/08/21 – US$ 500.00
Tesco PLC – 2016/08/26 – US$ 300.00
2017 Outlook: European Retail – 2016/11/30 – US$ 750.00
European Food Retail: Limited Deleveraging Ahead – 2016/11/28 – US$ 999.00
Fitch Downgrades Tesco to 'BB+'; Negative Outlook – 2015/04/24 – US$ 149.00
Fitch: Carrefour, Tesco Profiles Diverge; UK Competition Intense – 2015/04/29 – US$ 149.00
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