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S&P loses confidence in Ruby Tuesday

Apr. 13, 2017 3:47 PM ETRuby Tuesday, Inc. (RT) StockRTBy: Clark Schultz, SA News Editor24 Comments
  • S&P Ratings lowers its rating on Ruby Tuesday (RT -6.9%) to CCC+ from B- and assigns a Negative outlook.
  • The ratings agency warns on higher leverage ratios and persistent cash flow problems for the restaurant operator. The capital structure at Ruby Tuesday is called "unsustainable" for the long term.

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