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Prospect News home > News index > List of issuers C > Headlines for California Pizza Kitchen, Inc. > News item |
S&P cuts California Pizza to D
S&P said it downgraded all its ratings for California Pizza Kitchen Inc. to D after the company missed interest payments due last month and entered a forbearance pact with its lenders.
“The company separately raised a bridge loan in April 2020 that requires it to file a restructuring support agreement by June 15, 2020, and we expect it will restructure its debt obligations,” S&P said in a press release.
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