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Asda hit by Fitch ratings downgrade as turnaround stutters
By Ed Devlin2025-11-25T12:11:00
Ratings agency Fitch pushed the long-term default rating on Asda parent company Bellis Finco’s borrowings further into junk territory, downgrading it from ‘B+’ to ‘B’
Asda has suffered a new setback as its stuttering turnaround led to a ratings downgrade for the retailer’s debt pile.
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