Tesco investment grade across the board!

A key prediction from the Supermarket REIT team has come to fruition - that Tesco would regain its investment grade rating in the near term. This week Standard & Poor upgraded Tesco to BBB- with stable outlook, having been the the last of the major credit ratings agencies not to have upgraded the grocer.

In June this year Moody's upgraded Tesco to Baa3 citing improvement in profit, reduction in debt and clear market leadership alongside international presence. Fitch had been the first to make the upgrade having assigned a BBB- rating in October 2018.

As the dominant operator of UK grocery stores, the investment grade rating could drive a potential yield shift in omnichannel property. We love it when a plan comes together.

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123 Victoria Street, London, SW1E 6DE

Telephone: +44 20 3790 8087,  Email: ir@atratocapital.com


Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term inflation-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.


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Supermarket Income REIT Plc is a proud member of the Association of Investment Companies implementing the principles and recommendations of the AIC’s Code of Corporate Governance.

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