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Moody's: Darden unaffected
Moody's Investors Service said that the Baa2 senior unsecured and Prime-2 short-term commercial paper ratings and stable outlook for Darden Restaurants, Inc. are currently not affected by the company's July 12 announcement that it agreed to acquire Yard House USA, Inc. for roughly $585 million.
Moody's said it views the acquisition of Yard House as being consistent with Darden's other specialty restaurant group concepts.
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