Morrisons is struggling under the weight of debt from its private equity takeover, a credit rating agency has warned.
The supermarket was slapped with a “speculative” debt rating by Fitch, which indicates “an elevated vulnerability to default risk”.
The agency warned Morrisons’ rating would be even lower were it not for the grocer’s strong management team and profitability.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
