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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.
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