S&P lowers Cooper's Hawk to CCC+

S&P said it lowered its ratings on Cooper's Hawk Intermediate Holding LLC, including the issuer credit rating to CCC+ from B-.

S&P also removed the ratings from CreditWatch, where S&P placed them with negative implications on March 19.

The outlook is negative.

“We expect significant demand declines and operating difficulties for casual dining and wine club operator Cooper's Hawk Intermediate Holding LLC due to the coronavirus pandemic and government-mandated dining room closures,” S&P said in a news release.

© 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.