date:Oct 09, 2013
In addition, Tesco has indicated that its exposure to more discretionary items and a large store format was behind the increase in its losses in Turkey.
Moody's anticipates that a highly competitive retail environment coupled with difficult economic conditions in Ireland and Thailand and a slow economic recovery in its other markets will constrain Tesco's operational improvements in the next 12 months. As a result, the rating agency believes that it is increasingly unlikely that Tesco will imp