date:Oct 09, 2013
mpany's operational performance that we previously expected, says Yasmina Serghini-Douvin, a Moody's Vice-President Senior Analyst and lead analyst for Tesco.
According to a statement from Moody's, the change in outlook to negative from stable is primarily driven by their view that Tesco's performance continues to suffer from aggressive competition in the UK retail market and weak macroeconomic conditions across some of its key international markets such as Ireland, Korea, Poland and Thailand.