S&P cuts O’Charley’s ratings

NASHVILLE Tenn. Credit ratings for casual-dining company O’Charley’s Inc. were cut by Standard & Poor’s Ratings Services on the expectation of sales and profit declines for the remainder of the year, according to an S&P report released this month.

O’Charley’s, the operator or franchisor of 369 restaurants under the O’Charley’s, Ninety Nine Restaurant, and Stoney River Legendary Steaks brands, has reported softening sales and earnings results so far this year,

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