date:May 19, 2014
Morrison bonds due the same year yield 175 basis points over the benchmark.
Worst Performer
Morrison is the worst-performing of 125 investment-grade companies in the Markit iTraxx Europe Index of credit-default swaps this year. The contracts have risen 95 basis points to 165. Tesco swaps have climbed 21 basis points to 94.
Our rating remains investment-grade and we continue to have one of the strongest balance sheets among European retailers, Morrison said in an e-mailed statement. Moodys rec