24th Apr 2020 16:53
(Alliance News) - Moody's Investors Service on Friday withdrew its Baa3 issuer rating for high street retailer Next PLC, citing "business reasons".
The ratings agency said the issuer rating was on review for a downgrade at the time of the withdrawal.
"The Baa2 long-term issuer rating and backed senior unsecured rating of Next PLC is unaffected by today's rating action. The outlook remains under review," Moody's noted.
Next shares closed 2.5% lower at 4,482.00 pence each in London on Friday.
By Eric Cunha; [email protected]
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