| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Mabel Topco Ltd. > News item |
S&P might up Wagamama
S&P said it placed its B long-term issuer credit rating on Mabel Topco Ltd. (Wagamama) on CreditWatch with positive implications.
The agency also placed the B long-term issue rating on the group's senior secured debt on CreditWatch with positive implications.
“The rating action follows the announcement that the Restaurant Group plc (TRG) has conditionally agreed to purchase Wagamama for a cash payment of £357 million,” the agency said in a news release.
“The CreditWatch placement reflects that we expect Wagamama will benefit from TRG's stronger credit quality should the acquisition and associated equity rights issue be successful.”
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.