Research Update: Dave & Buster's Inc. 'B-' Corporate Credit Rating Affirmed; Outlook Is Positive Oct 12
- Language: English
- Published: October 2012
Dallas-based restaurant and out-of-home entertainment company Dave & Buster's Inc.'s has continued to report good operating performance and improved leverage, and we expect the company can sustain these trends. We are raising our ratings on the company, including raising the corporate credit rating to 'B' from 'B-'. The stable outlook reflects our view that the company will continue to increase EBITDA from store openings and same-store sales, which will help to keep leverage at about 6x. On Feb. 15, 2013, Standard & Poor's Ratings Services raised its corporate credit rating on Dallas-based restaurant and out-of-home entertainment company Dave & Buster's Inc. to 'B' from 'B-'. The outlook is stable. At the same time, we raised the issue-level rating on the...
Companies mentioned in this report are:
- Dave & Buster's Inc.
Action: Outlook: Stable
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.