Asda: Moody’s warns credit rating under threat amid sales slump

Financial services firm Moody’s has warned Asda’s credit rating is under threat if it does not turn around its performance.
The company stressed that chair Allan Leighton urgently needed to resolve the grocer’s operational issues.
It cautioned the supermarket could fall behind Morrisons. Despite the northern rival being issued a weaker B1 rating, it recently saw full-year profit rise and its “strongest” quarter since 2021.
Asda was issued a ratings upgrade by Moody&