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Prospect News home > News index > List of issuers R > Headlines for Real Mex Restaurants Inc. > News item |
S&P cuts Real Mex
Standard & Poor's said it lowered its ratings on Real Mex Restaurants Inc., including the corporate credit rating to CCC from CCC+.
The downgrade is a result of the company's continued poor performance, which worsened its already very limited and tenuous liquidity, the agency said.
The outlook is negative.
S&P noted that the ratings on Real Mex reflect the company's weak liquidity and significant near-term default risk.
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