- Language: English
- 96 Pages
- Published: March 2012
- Region: United Kingdom
El Pollo Loco Inc. Upgraded To 'CCC' On Announced Payment Of Bond, Interest Payments; Outlook Developing May 11
- Published: May 2011
- Standard & Poors
U.S. restaurant operator El Pollo Loco used proceeds from its ultimate parent and cash on hand to make its interest and bond redemption payment due in May 2011. We think cash on hand will be sufficient to fund its upcoming June 2011 interest payment. We are raising our ratings on the company, including the corporate credit rating to 'CCC'. The developing outlook reflects our view that operational improvement and a viable plan to refinance its revolving credit facility could result in a higher rating. However, as the company moves closer to the revolver maturity date in July 2012 and has not refinanced, we would probably lower the ratings. NEW YORK (Standard & Poor's) May 26, 2011--Standard & Poor's Ratings Services...
Companies mentioned in this report are: El Pollo Loco Inc. (Unsolicited Ratings)
Action: Outlook: Developing
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Research type: News
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El Pollo Loco Inc. (Unsolicited Ratings)