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Share Price: 9,036.00

Bid: 9,038.00

Ask: 9,042.00

Change: -96.00 (-1.05%)

Spread: 4.00 (0.044%)

Open: 9,180.00

High: 9,182.00

Low: 9,016.00

Prev. Close: 9,132.00

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Moody's Withdraws Next's Issuer Rating, Outlook Stays Under Review

Fri, 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; ericcunha@alliancenews.com

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