Credit Quality Improvements For UK Supermarkets 'Unlikely', Says Moody's
While the UK's biggest supermarket operators have seen sales soar over the past 12 months, they will 'find it difficult' to improve their credit quality due to tough competition and the continued strength of the discounters, Moody's has said.
In a report, Credit quality improvement unlikely as old battle with discounters resumes, Moody's said that the UK's 'Big Four', namely Tesco, Sainsbury's, Asda and Morrisons, have generated most of this sales increase online, where margins tend to be lower for traditional bricks and mortar operators.
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