NEW YORK Despite continued weakness in same-store sales growth for nearly all U.S. restaurants, corporate financial risk and bankruptcy fears for leveraged companies are moderating, according to a Tuesday report from Fitch Ratings, a corporate credit rating agency. Cost controls, including aggressive expense reductions, eased commodity costs and decreased capital spending, have helped companies contain further deterioration of cash as sales growth still remains elusive, the report by Fitch ...
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Contact: Desiree Torres Desiree.Torres@penton.com