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09.08.2016 18:41:00
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Logan's Roadhouse Inc. -- Moody's Downgrades Logan's Roadhouse PDR to D-PD on bankruptcy filing
New York, August 09, 2016 -- Moody's Investors Service ("Moody's") downgraded Logan's Roadhouse Inc.'s Probability of Default Rating to D-PD from Ca-PD following the company's filing voluntary petitions in United States Bankruptcy Court for the District of Delaware, seeking relief under the provisions of Chapter 11 of the United States Bankruptcy Code. At the same time, Moody's affirmed the company's Ca Corporate Family Rating and Ca senior secured notes rating. The Speculative Grade Liquidity Rating is affirmed at SGL-4, and the outlook remains negative.
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