S&P removes Dave & Busters from positive watch

Standard & Poor's said it removed its ratings on Dave & Buster's Inc., including the B- corporate credit rating, from CreditWatch with positive implications, where they were placed on July 21.

The outlook is stable.

"The ratings on Dave & Buster's reflect its highly leveraged financial risk profile, which incorporates the company's elevated debt levels, thin cash flow protection measures, and our view that the company will use excess cash flows for store expansion initiatives instead of debt reduction," said S&P credit analyst Andy Sookram in a news release.

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