Moody's changes Bloomin' Brands' outlook to positive; affirms Ba3 CFR
Moody's Investors Service ("Moody's") today changed Bloomin' Brands, Inc.'s ("Bloomin' Brands") outlook to positive from stable. At the same time, Moody's affirmed Bloomin' Brands' ratings, including its Ba3 corporate family rating (CFR), Ba3-PD probability of default rating (PDR), Ba1 on its senior...Bloomin' Brands is a holding company. Through its subsidiaries, the company is a casual dining restaurant company. The company has four concepts: Outback Steakhouse, which is a casual steakhouse restaurant concept focused on steaks and Australian decor; Carrabba's Italian Grill, which provides Italian cuisine; Bonefish Grill, which focuses on fish, wood-grilled items and cocktails; and Fleming's Prime Steakhouse & Wine Bar, which is a steakhouse concept featuring beef, chops, fish, seafood and poultry, salads and side dishes. The company owns and operates restaurants across the U.S., Puerto Rico, Guam and other countries.
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