Tesco CEO Lewis Shuns More Quick Fixes to Retailer's Debt Woes

  • Grocer seeking to regain investment grade without rights offer
  • Capital spending cuts may risk further market-share erosion
Photographer: Chris Ratcliffe/Bloomberg

Tesco Plc’s plan to cut debt without selling any more major assets is raising questions over the U.K. supermarket leader’s ability to recapture investment-grade status if it doesn’t sell shares first.

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