Moody's: Sizzling Platter view positive

Moody's Investors Service said it affirmed the Caa1 rating on Sizzling Platter, LLC's $118 million guaranteed senior secured notes due 2016.

Moody's also affirmed the company's Caa1 corporate family rating and B3-PD probability of default rating.

The outlook was changed to positive from stable.

The change in outlook to positive from stable reflects the company's improved credit metrics and Moody's view that earnings and credit metrics will gradually improve further driven by new restaurant additions and steady performance at the company' s value priced restaurants, the agency said.

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