date:Dec 10, 2013
The following statement was released by the rating agency
European retailers have weathered the worst of the downturn and should benefit from stabilising margins, modest revenue growth and better free cash flow generation in 2014, Fitch Ratings says. The slowdown in emerging markets may, however, impact retailers with operations in Asia and South America.
These factors led us to revise both the Sector and Rating Outlook for European food retail in 2014 to Stable from Negative. However some bus