Tesco lines up £2.5bn war chest to protect it from ratings downgrades

Tesco has secured a 2.5bn revolving credit facility to protect it against the impact of possible ratings downgrades, following last week's revelation it overstated profits by 250m.

Tesco has secured a £2.5bn revolving credit facility to protect it against the impact of possible ratings downgrades, following last week’s profits crisis.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now