Moody’s lowers M&S’s credit rating from stable to negative

The change follows M&S’s recent trading report, which recorded a decline across clothing & home like-for-like sales By guest author Sahar Nazir from Retail Gazette Moody’s has downgraded Marks & Spencer’s credit rating from stable to negative following a strenuous year for the retailer. The influential credit ratings agency confirmed M&S’s Baa3 senior unsecured ratings … More Moody’s lowers M&S’s credit rating from stable to negative