Supermarkets
Iceland’s debt rating downgraded as it falls to pre-tax loss
Operating profit also dropped year-on-year from £111.3m to £36.9m, and adjusted EBITDA fell from £171.9m to £127.1m
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2018/01/IcelandStoreExterior-e1516095462829-780x470.jpg?lossy=1&strip=1&webp=1)
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