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Tesco credit rating downgrade possibility: Has its house brands strategy gone too far?
date:Aug 03, 2012
Standard Poor said it was also re-considering the supermarkets current credit rating.
In a statement the ratings agency said that in light of currently difficult industry conditions, a trend of weakening profitability and low top-line growth will continue.
In our opinion, market conditions will continue to be extremely competitive, particularly in the UK, with high pricing pressure throughout the industry, the statement added.
The blow comes after Tesco posted its first profit warning in 20 yea

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