NEW YORK Standard & Poor’s Ratings Services cut the credit ratings of two restaurant companies, Sbarro Inc. and El Pollo Loco Inc., further into junk status last week on concerns the companies could break lending agreements. The S&P lowered Sbarro’s ratings on the company’s $25 million revolving facility, $183 million first-lien term loan and its $150 million senior notes because the rating agency expects that Sbarro will breach its leverage covenant when it becomes more restrictive ...
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Contact: Desiree Torres Desiree.Torres@penton.com