Moody's turns Restaurant Technologies view to stable

Moody's Investors Service said it affirmed Restaurant Technologies, Inc.'s ratings, including its B2 corporate family rating and its B1 senior secured first-lien credit ratings, and changed the outlook to stable from negative.

“Today's ratings affirmation and outlook change to stable reflects the company's improved credit metrics amid a challenging operating environment in fiscal 2020 and Moody's expectations for a gradual recovery in revenue and earnings over the next 12-18 months. While Restaurant Technologies' financial leverage remains high, debt/EBITDA leverage declined to 7.5x for the last 12 month period (LTM) ending Sept. 30, 2020, from 8x for the same period last year,” Moody’s said in a press release.

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