S&P rates Dave & Buster’s CCR B+

Standard & Poor’s said it assigned its B+ corporate credit rating to Dave & Buster’s Entertainment Inc.

The outlook is stable.

At the same time, the agency raised Dave & Buster’s Inc.'s corporate credit rating to B+ from B and removed it from CreditWatch positive. It subsequently withdrew this rating.

"Dave & Buster's participates in the restaurant and out-of-home entertainment industries, which we believe remains intensely competitive. The company has maintained good performance in recent history, but it is a small-sized company that operates 70 stores," S&P credit analyst Andy Sookram said in a news release. "We think the company has pursued a prudent approach to store development, by slowing new store growth during the last U.S. recession and accelerating store openings in the currently improving economy. It has thus far been able to secure attractive geographic locations, which has contributed to its good average unit volumes and profit margins."

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