Checkers’ sales, earnings raise concerns
April 19, 2019 - Moody's Investors Service downgraded the debt ratings of Checkers Holdings, a Tampa-based fast food chain. The ratings outlook is negative. The actions reflect weaker than expected operating earnings, Moody's said. Checkers’ private equity owner, Oak Hill Capital Partners, contributed capital so that Checkers wouldn’t be in violation of its bank agreements, Moody’s said.