Moody’s debtor list elicits spirited responses from affected chains

Moody’s debtor list elicits spirited responses from affected chains

Several restaurant companies are discounting their inclusion on the Moody’s Investors Services’ “Bottom Rung” list, which designated firms the debt rating agency says hold the highest risk of default.

Moody’s released its Bottom Rung list March 10, highlighting 283 companies from the 2,055 companies it covers in all industry segments. Moody’s said the companies listed face the greatest risk of default because they hold large amounts of leverage and have limited access to cash. It will

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