M&S’ credit score plunges into the negative

// Moody’s lowers M&S’ credit rating from stable to negative
// The change follows M&S’ recent trading report, which recorded a decline across Clothing & Home like-for-like salesMoody’s has downgraded Marks and Spencer’s credit rating from stable to negative following a strenuous year for the retailer.
The influential credit ratings agency confirmed M&S’ Baa3 senior unsecured ratings and its long-term (P)Baa3 senior unsecured MTN Program rating