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Tesco Corporate Treasury Services plc -- Moody's upgrades Tesco to Baa3; stable outlook

Moody's Investors Service has today assigned a new long-term issuer rating of Baa3 to Tesco plc (Tesco), the UK's largest grocer. Concurrently, Moody's has upgraded the senior unsecured ratings of Tesco and its guaranteed subsidiary Tesco Corporate Treasury Services plc to Baa3 from Ba1 and the short-term of Tesco and its guaranteed subsidiary Tesco Treasury Services PLC to Prime-3 from Not Prime.