UK value supermarket chain Asda was downgraded deeper into junk by Fitch Ratings, in part due to recently signed sale-and-leaseback transactions — including one with US asset manager Blue Owl Capital.

Private equity-owned Asda has been hit by a sell-off of its bonds and loans as investors in the struggling UK supermarket chain grow concerned that accelerating sales declines will jeopardise its ...

This time last year, analysts warned that Asda needed to “dig down into its soul” if it was to turn around its fortunes. After a rollercoaster 2024 in which it struggled with debt, strikes and falling ...

LONDON, Nov 28 (Reuters) - British grocer Asda warned it does not expect to return to underlying sales growth until mid-2026 after third quarter sales were dented by disruption linked to the ...