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Bulletin: Buffets Inc. Ratings Unaffected By Announced Approval Of Exploration Of Strategic Alternatives
Standard & Poors, May 2011
Abstract
NEW YORK (Standard & Poor's) May 13, 2011--Standard & Poor's Ratings Services said today that its ratings and outlook on Buffets Inc. (B-/Stable/--) would not be affected by the company's announcement that its Board of Directors has approved the exploration of strategic alternatives aimed at increasing shareholder value. The company has retained Moelis & Co. as its financial advisor to undertake a review of all viable alternatives, including a possible sale of the company. Standard & Poor's will continue to monitor the situation and evaluate the effect of any change in Buffets' capital structure when the company announces definitive plans and more details become available....
Companies mentioned in this report are: Buffets Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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