Asda’s sales slump must be turned around to avoid credit derating, warns Moody’s
Asda’s chairman Allan Leighton needs to resolve the chain’s operational challenges in the months ahead to prevent further downgrades to its credit rating, according to Moody’s.
“Asda faces significant operational challenges related to customer service, store experience and product availability, while simultaneously competing for market share in a highly competitive environment,” Moody’s noted.
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