Moody’s revises Kingfisher view to negative

Moody’s Investors Service said it revised the outlook for Kingfisher plc to negative from under review. The rating action concludes the review started on March 26, the agency said.

“The negative outlook reflects the possibility that Kingfisher's underlying sales or profitability remains below the levels recorded in fiscal 2020 after the effects of the coronavirus have ceased being a direct drag,” Moody’s said in a press release.

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