Tenant Credit Ratings

Click here for notes on how to use this chart. Data updated every quarter.

A Subsidary of
Tenant
Holding Company
Sector
Stock Ticker
Standard & Poor's
Historic Default Rates
Moody's
Historic Default Rates
7-Eleven
Seven & i Holdings Co., Ltd.Convenience & Gas
TYO:3382
AA-
0.51%
Baa1
1.37%
24 Hour Fitness
24 Hour Fitness Worldwide, Inc.
Holding Company:
AEA Investors
Specialty (Gym)
Private
B
27.91%
B2
23.81%
76
ConocoPhillipsGas
COP
A
0.42%
A3
0.66%
99 Cents Only Stores
99 Cents Only Stores LLC
Holding Company:
Ares Management
Discount (Dollar Store)
Private
CCC+
35.14%
Caa2
41.23%
99 Ranch Market
Tawa Supermarket, Inc.Grocery
Private
NR
-
NR
-
A&W
Yum! Brands, Inc.Dining (Fast Food)
YUM
BB
9.43%
Ba3
16.53%
Aaron Brothers
Michaels Companies Inc.Specialty (Arts & Crafts)
MIK
BB-
14.16%
Ba2
21.47%
Aaron's
Aarons, Inc.Speciality (Rent to Own)
AAN
NR
-
NR
-
Abercrombie
Abercrombie & Fitch Co.Apparel
ANF
BB-
14.16%
Ba3
16.53%
Acapulco Restaurants
Real Mex Restaurants, Inc.Dining (Casual)
Private
NR
-
NR
-
Ace Hardware
Ace Hardware CorporationHome & Garden
Private
NR
-
NR
-
ACME
Albertsons Companies Inc.
Holding Company:
Cerberus Capital Management, L.P.
Grocery
Private
B
27.91%
B1
21.47%
Advance Auto Parts
Advance Auto Parts, Inc.Auto (Parts & Service)
AAP
BBB-
4.52%
Baa2
2.05%
Alamo
Enterprise Holdings, Inc.Automotive (Rentals)
Private
A-
0.80%
NR
-
Albertsons
Albertsons Companies Inc.
Holding Company:
Cerberus Capital Management, L.P.
Grocery
Private
B
27.91%
B1
21.47%
Aldi
ALDI GmbH & Co. KG EssenGrocery
Private
NR
-
NR
-
American Eagle Outfitters
American Eagle Outfitters, Inc.Apparel
AEO
NR
-
NR
-
Amoco
BP p.l.c.Gas
BP
A-
0.80%
A1
0.42%
Apple
Apple Inc.Electronics
AAPL
AA+
0.15%
Aa1
0.17%
Applebee's
Dine Brands Global Inc.Dining (Casual)
DIN
NR
-
NR
-
Arby's
Inspire Brands, Inc.
Holding Company:
Roark Capital Group
Dining (Fast Food)
Private
NR
-
NR
-
Arco
BP p.l.c.Gas
BP
A-
0.80%
A1
0.42%
Associated Food Stores
Associated Food Stores, Inc.Grocery
Private
NR
-
NR
-
AT&T
AT&TElectronics
T
BBB
2.24%
Baa1
2.05%
AutoNation
AutoNation, Inc.Auto (Sales)
AN
BBB-
4.52%
Baa3
3.48%
AutoZone
AutoZone, Inc.Auto (Parts & Service)
AZO
BBB
2.24%
Baa1
1.37%
Avis
Avis Budget Group, Inc.Auto (Rental)
CAR
BB
9.43%
NR
-
Bahama Breeze
Darden Restaurants, Inc.Dining (Casual)
DRI
BBB
2.24%
Baa2
2.05%
Baja Fresh
Fresh Enterprises, LLCDining (QSR)
Private
NR
-
NR
-
Bakers Square
American Blue Ribbon Holdings, LLCDining (Casual)
Private
NR
-
NR
-
Bank of America
Bank of America Corp.Banks & Financial
BAC
A-
0.80%
A3
0.66%
Bank of the West
Wintrust Financial CorpBanks & Financial
WTFC
NR
-
NR
-
Barnes & Noble
Barnes & Noble, Inc.Speciality (Book Sales)
BKS
NR
-
NR
-
Baskin Robbins
Dunkin' Brands Group, Inc.Dining (QSR)
DNKN
NR
-
NR
-
Bass Pro Shops
BPS Direct, LLCSpeciality (Fishing & Gaming)
Private
B+
19.93%
Ba3
16.53%
Bath & Body Works
L Brands Inc.Specialty (Women's Products)
LB
BB
9.43%
Ba1
6.42%
BB&T
BB&T Corp.Banks & Financial
BBT
A-
0.80%
A2
0.61%
Bed Bath & Beyond
Bed Bath & Beyond Inc.Home & Garden
BBBY
BB+
6.29%
Baa3
3.48%
Benihana
Benihana Inc.
Holding Company:
Angelo, Gordon & Co.
Dining (Casual)
Private
NR
-
NR
-
Bertucci's Italian Restaurant
Bertucci's CorporationDining (Casual)
Private
NR
-
NR
-
Best Buy
Best Buy Co., Inc.Electronics
BBY
BBB
2.24%
Baa1
1.37%
BI-LO
BI-LO, LLC
Southeastern Grocers LLC
Holding Company:
Lone Star Funds
Grocery
Private
B-
35.14%
B3
33.02%
Big 5 Sporting Goods
Big 5 Sporting Goods Corp.Specialty (Sporting Goods)
BGFV
NR
-
NR
-
Big Lots
Big Lots Inc.Discount (Department)
BIG
BBB-
4.52%
NR
-
BJ's Restaurant & Brewhouse
BJ's Restaurants, Inc.Dining (Casual)
BJRI
NR
-
NR
-
BJ's Wholesale Club
BJ's Wholesale Club, Inc.Discount (Membership)
Private
B
27.91%
B1
21.47%
Black Angus
Versa Capital Management, Inc.Dining (Casual)
Private
NR
-
NR
-
Blain's Farm & Fleet
Blain Supply Inc.Specialty (Agricultural Supply)
Private
NR
-
NR
-
Blaze Pizza
Blaze Pizza LLCDining (QSR)
Private
NR
-
NR
-
Blimpie
Kahala Brands, Ltd.Dining (QSR)
Private
NR
-
NR
-
Bob Evans
Golden Gate CapitalDining (Casual)
Private
NR
-
NR
-
Bojangle's
The Jordan CompanyDining (Fast Food)
Private
NR
-
NR
-
Bonanza Steak & BBQ
Homestyle Dining, LLCDining (Casual)
Private
NR
-
NR
-
Bonefish Grill
Bloomin' Brands, Inc.Dining (Casual)
BLMN
BB
9.43%
NR
-
Bon-Ton
CSC Generation, Inc.Department
Private
NR
-
NR
-
Books-A-Million
Books-A-Million, Inc.Speciality (Book Sales)
Private
NR
-
NR
-
Boston Market
Boston Market Corporation
Holding Company:
Sun Capital Parnters, Inc.
Dining (Casual)
Private
NR
-
NR
-
Boston's The Gourmet Pizza
Boston Pizza Royalties Income FundDining (Casual)
BLMN
NR
-
NR
-
BP
BP p.l.c.Gas
BP
A-
0.80%
A1
0.42%
Bridgestone Firestone
Bridgestone Corp.Auto (Parts & Service)
BRDCY:US
A
0.42%
A2
0.61%
Bristol Farms
Endeavour CapitalGrocery
Private
NR
-
NR
-
Buca di Beppo
Buca Inc.
Holding Company:
Planet Hollywood International, Inc.
Dining (Casual)
Private
NR
-
NR
-
Budget
Avis Budget Group, IncAuto (Rental)
CAR
BB
9.43%
NR
-
Buffalo Wild Wings
Inspire Brands, Inc.
Holding Company:
Roark Capital Group
Dining (Casual)
Private
NR
-
NR
-
Bubba Gump Shrimp Company
Landry's, Inc.Dining (Casual)
Private
NR
-
B3
33.02%
Burger King
Restaurant Brands International Inc.Dining (Fast Food)
QSR
B+
19.93%
NR
-
Burlington Coat Factory
Burlington Stores, Inc.Apparel
BURL
BB+
6.29%
NR
-
California Bank & Trust
Zions BancorporationBanks & Financial
ZION
NR
-
NR
-
California Pizza Kitchen
Golden Gate CapitalDining (Casual)
Private
NR
-
NR
-
Caltex
Chevron Corp.Gas
CVX
AA
0.15%
Aa2
0.23%
The Capital Grille
Darden Restaurants, Inc.Dining (Casual)
DRI
BBB
2.24%
Baa2
2.05%
Capital One Financial
Capital One Financial Corp.Banks & Financial
COF
BBB
2.24%
Baa1
1.37%
Carl's Jr.
CKE Restaurants Holdings, Inc.
Holding Company:
Roark Capital Group
Dining (Fast Food)
Private
NR
-
NR
-
CarMax
Carmax, Inc.Auto (Sales)
KMX
NR
-
NR
-
Carrabba's Italian Grill
Bloomin' Brands, Inc.Dining (Casual)
BLMN
BB
9.43%
NR
-
Carrows Restaurants
Shari's Management CorporationDining (Casual)
Private
NR
-
NR
-
Casual Male XL
Destination XL Group, Inc.Apparel
DXLG
NR
-
NR
-
Cathay Bank
Cathay General BancorpBanks & Financial
CATY
NR
-
NR
-
Cato Fashions
The Cato CorporationApparel
CATO
NR
-
NR
-
Champps
Champps Entertainment, Inc.Dining (Casual)
Private
NR
-
NR
-
Champs Sports
Foot Locker, Inc.Apparel
FL
BB+
6.29%
Ba1
6.42%
Charleys Philly Steaks
Gosh Enterprises, Inc.Dining (QSR)
Private
NR
-
NR
-
Charo Chicken
Charo Chicken Systems, Inc.Dining (QSR)
Private
NR
-
NR
-
The Chart House
Landry's, Inc.Dining (Casual)
Private
NR
-
B3
33.02%
Chase Bank
JPMorgan Chase & Co.Banks & Financial
JPM
A-
0.80%
A2
0.61%
Checkers
Checkers Drive-In Restaurants, Inc.
Holding Company:
Oak Hill Capital Partners
Dining (Fast Food)
Private
NR
-
NR
-
Cheeseburger in Paraside
Luby's, Inc.Dining (Casual)
LUB
NR
-
NR
-
Cheesecake Factory
The Cheesecake Factory Inc.Dining (Casual)
CAKE
NR
-
NR
-
Chevron
Chevron Corp.Gas
CVX
AA
0.15%
Aa2
0.23%
Chevys
Real Mex Restaurants, Inc.Dining (Casual)
Private
NR
-
NR
-
Chick-fil-A
Chick-fil-A, Inc. Dining (Fast Food)
Private
NR
-
NR
-
The Children's Place
Children's Place Retail Stores, Inc.Apparel
PLCE
NR
-
NR
-
Chili's Bar & Grill
Brinker International, Inc.Dining (Casual)
EAT
BB+
6.29%
Ba1
6.42%
Chipotle Mexican Grill
Chipotle Mexican Grill, Inc.Dining (Casual)
CMG
NR
-
NR
-
Church's Chicken
Cajun Operating Company
Friedman Fleischer & Lowe
Dining (Fast Food)
Private
NR
-
NR
-
CiCi's Pizza
CiCi Enterprises, LPDining (QSR)
Private
NR
-
NR
-
Circle K
Alimentation Couche-Tard Inc.Convenience & Gas
OTC:ANCUF
BBB
2.24%
Baa2
2.05%
Citgo
Citgo Petroleum CorporationGas
Private
B-
35.14%
B3
33.02%
Citibank
Citibank, N.A.Banks & Financial
C
A+
0.63%
A1
0.42%
City Market
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
ClaimJumper
Landry's, Inc.Dining (Casual)
Private
NR
-
B3
33.02%
Coach
Tapestry, Inc.Specialty (Women's Products)
TPR
BBB-
4.52%
Baa2
2.05%
Coco's Bakery
Shari's Management CorporationDining (Casual)
Private
NR
-
NR
-
The Coffee Bean & Tea Leaf
International Coffee & Tea, LLCDining (QSR)
Private
NR
-
NR
-
Coldstone Creamery
Kahala Brands, Ltd.Dining (QSR)
Private
NR
-
NR
-
Conoco
ConocoPhillipsGas
COP
A
0.42%
A3
0.66%
Corner Bakery
Il Fornaio (America) Corporation
Holding Company:
Roark Capital Group
Dining (Casual)
Private
NR
-
NR
-
Cost Plus World Market
Bed Bath & Beyond Inc.Home & Garden
BBBY
BB+
6.29%
Baa3
3.48%
Costco
Costco Wholesale Corp.Discount (Membership)
COST
A+
0.63%
Aa3
0.20%
Coyote Canyon
Stockade Companies, LLCDining (Casual)
Private
NR
-
NR
-
Cracker Barrel
Cracker Barrel Old Country Store, Inc.Dining (Casual)
CBRL
NR
-
NR
-
Crate & Barrel
Euromarket Designs, Inc.Home & Garden
Private
NR
-
NR
-
Cub Foods
Endeavour CapitalGrocery
Private
NR
-
NR
-
Culver's Frozen Custard Butter Burgers
Culver Franchising System, Inc.Dining (QSR)
Private
NR
-
NR
-
CVS Pharmacy
CVS Health Corp.Drug
CVS
BBB
2.24%
Baa2
2.05%
Dairy Queen
Berkshire Hathaway Inc.Dining (Fast Food)
BRK.A
AA
0.15%
Aa2
0.23%
Dave & Buster's
Dave & Buster's Entertainment, Inc.Specialty (Entertainment)
PLAY
NR
-
NR
-
DaVita Dialysis
DaVita Inc.Medical
DVA
BB
2.24%
Ba2
7.99%
dd's DISCOUNTS
Ross Stores, Inc.Discount (Apparel)
ROST
A-
0.80%
A3
0.66%
DelTaco
Del Taco Restaurants, Inc.Dining (Fast Food)
TACO
NR
-
NR
-
Denny's
Denny's Corp.Dining (Casual)
DENN
NR
-
NR
-
Dick's Last Resort
Triton Pacific Capital Partners, LLCDining (Casual)
Private
NR
-
NR
-
Dick's Sporting Goods
Dick's Sporting Goods, Inc.Specialty (Sporting Goods)
DKS
NR
-
NR
-
Dierbergs Markets
Dierbergs Markets, Inc.Grocery
Private
NR
-
NR
-
Dillard's
Dillard's, Inc.Department
DDS
BB+
6.29%
Baa3
3.48%
Dillons Food Stores
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
Do it Best
Do It Best Corp.Home & Garden
Private
NR
-
NR
-
Dollar General
Dollar General Corp.Discount (Dollar Store)
DG
BBB
2.24%
Baa2
2.05%
Dollar Rent A Car
Hertz Global Holdings, Inc.Auto (Rental)
HTZ
B+
19.93%
B2
23.81%
Dollar Tree
Dollar Tree, Inc.Discount (Dollar Store)
DLTR
BBB-
4.52%
Baa3
3.48%
Domino's Pizza
Domino's Pizza, Inc.Dining (Fast Food)
DPZ
NR
-
NR
-
Dressbarn
Ascena Retail Group, Inc.Apparel
ASNA
B
27.91%
Ba3
16.53%
DSW Shoes
DSW Inc.Apparel
DSW
NR
-
NR
-
Dunkin' Donuts
Dunkin' Brands Group, Inc.Dining (Fast Food)
DNKN
NR
-
NR
-
East West Bank
East West Bancorp, Inc.Banks & Financial
EWBC
BBB
2.24
NR
-
Eddie Bauer
Golden Gate CapitalApparel
LOCO
NR
-
NR
-
Edible Arrangements
Edible Arrangements International, LLCSpecialty (Confections)
Private
NR
-
NR
-
Einstein Bros. Bagels
BDT Capital Partners, LLC
Holding Company:
JAB Holding Company
Dining (QSR)
Private
A-
0.80%
Baa1
1.37%
El Pollo Loco
El Pollo Loco Holdings, Inc.Dining (QSR)
LOCO
NR
-
NR
-
El Torito
Real Mex Restaurants, Inc.Dining (Casual)
Private
NR
-
NR
-
El Torito Grill
Real Mex Restaurants, Inc.Dining (Casual)
Private
NR
-
NR
-
Elephant Bar
Chalak Mitra Group LLCDining (Casual)
Private
NR
-
NR
-
Enterprise
Enterprise Holdings, Inc.Automotive (Rentals)
Private
A-
0.80%
NR
-
Exxon
Exxon Mobil Corp.Gas
XOM
AA+
0.15%
Aaa
0.09%
Family Dollar
Dollar Tree, Inc.Discount (Dollar Store)
DLTR
BBB-
4.52%
Baa3
3.48%
Famous Dave's
Famous Dave's of America, Inc.Dining (Casual)
DAVE
NR
-
NR
-
Farm Fresh
Endeavour CapitalGrocery
Private
NR
-
NR
-
Farmer Boys
Farmer Boys Foods, Inc.Dining (Fast Food)
Private
NR
-
NR
-
Farmers & Merchants Bank
F&M Bank Corp.Banks & Financial
FMBM
NR
-
NR
-
Fatburger
Fatburger North America, Inc.Dining (QSR)
Private
NR
-
NR
-
Fazoli's
Sentinel Capital PartnersDining (Casual)
Private
NR
-
NR
-
FedEx Office
FedEx Corp.Specialty (Business Services)
FDX
BBB
2.24%
Baa2
2.05%
Fifth Third Bank
Fifth Third BancorpBanks & Financial
FITB
BBB+
2.24%
Baa1
1.37%
First Republic Bank
First Republic BankBanks & Financial
FRC
A-
0.80%
A1
0.42%
Five Guys Burgers and Fries
Fiive Guys Enterprises LLCDining (QSR)
Private
NR
-
NR
-
Fleming's
Bloomin' Brands, Inc.Dining (Casual)
BLMN
BB
9.43%
NR
-
Flying J
Pilot Travel Centers LLCConvenience & Gas
Private
BB+
6.29%
Ba1
6.42%
Food 4 Less
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
Food Lion
Ahold DelhaizeGrocery
DEG
BBB
2.24%
NR
-
Foot Locker
Foot Locker, Inc.Apparel
FL
BB+
6.29%
Ba1
6.42%
Fred Meyer
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
Fred's Super Dollar
Fred's, Inc.Discount (Dollar Store)
FRED
NR
-
NR
-
Fresenius Medical Care
Fresenius Medical Care AG & Co.Medical
FMS
BBB-
4.52%
Baa3
3.48%
Frisch's Big Boy!
NRD Partners I, L.P.Dining (Casual)
Private
NR
-
NR
-
Fry's Electronics
Fry's Electronics, Inc.Electronics
Private
NR
-
NR
-
Fry's Food Stores
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
Fuddrucker's
Luby's, Inc.Dining (Casual)
LUB
NR
-
NR
-
GameStop
GameStop Corp.Electronics
GME
BB
9.43%
Ba1
6.42%
GAP
The Gap Inc.Apparel
GPS
BB+
6.29%
Baa2
7.99%
Gelson's Markets
Gelson's Markets, Inc.Grocery
Private
NR
-
NR
-
GIANT Food Stores
Ahold DelhaizeGrocery
DEG
BBB
2.24%
NR
-
Golden Corral
Golden Corral Corp.Dining (Casual)
Private
NR
-
NR
-
Goodwill
Goodwill Industries International, Inc.Discount (Apparel)
Private
NR
-
NR
-
Goodyear
The Goodyear Tire & Rubber Co.Auto (Parts & Service)
GT
BB
9.43%
Ba2
7.99%
Grainger
W.W. Grainger, Inc.Specialty (MRO Supply)
GWW
A+
0.63%
A3
0.66%
GUESS?
Guess?, Inc.Apparel
GES
NR
-
NR
-
Gyu-Kaku Japanese BBQ
Reins International Inc.Dining (Casual)
Private
NR
-
NR
-
H&R Block
H&R Block, Inc.Banks & Financial
HRB
BBB
2.24%
NR
-
Hanmi Bank
Hanmi Financial Corp.Banks & Financial
HAFC
NR
-
NR
-
Hannaford
Ahold DelhaizeGrocery
DEG
BBB
2.24%
NR
-
Hard Rock Cafe
Hard Rock Cafe International, Inc.Dining (Casual)
Private
NR
-
NR
-
Hardee's
CKE Restaurants Holdings, Inc.
Holding Company:
Roark Capital Group
Dining (Fast Food)
Private
NR
-
NR
-
Harmon Discount
Bed Bath & Beyond Inc.Home & Garden
BBBY
BB+
6.29%
Baa3
3.48%
Harris Teeter
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
Harveys Supermarket
Southeastern Grocers LLC
Holding Company:
Lone Star Funds
Grocery
Private
NR
-
NR
-
Hertz
Hertz Global Holdings, Inc.Auto (Rental)
HTZ
B+
19.93%
B2
23.81%
hhgregg
HHGREGG, Inc.Electronics
HGG
NR
-
NR
-
Hibbett Sports
Hibbett Sports, Inc.Specialty (Sporting Goods)
HIBB
NR
-
NR
-
Hobby Lobby
Hobby Lobby Stores, Inc.Specialty (Arts & Crafts)
Private
NR
-
NR
-
Home Depot
The Home Depot, Inc.Home & Garden
HD
A
0.42%
A2
0.61%
HomeGoods
The TJX Companies, Inc.Home & Garden
TJX
A+
0.63%
A2
0.61%
HomeTown Buffet
Ovation Brands, Inc.Dining (Casual)
Private
NR
-
NR
-
Hooter's
Hooters of America, LLCDining (Casual)
Private
NR
-
NR
-
Hornbacher's
Coborn's, Inc.Grocery
Private
NR
-
NR
-
Hoss's Steak & Sea House
Hoss's Steak and Sea House, Inc.Dining (Casual)
Private
NR
-
NR
-
Houlihan's
Houlihan's Restaurants, Inc.Dining (Casual)
Private
NR
-
NR
-
HSBC
HSBC Holdings plcBanks & Financial
HSBC
A
0.42%
A2
0.61%
Hy-Vee
Hy-Vee, Inc.Grocery
Private
NR
-
NR
-
IHOP
Dine Brands Global Inc.Dining (Casual)
DIN
NR
-
NR
-
Ikea
Inter IKEA Systems B.V.Home & Garden
Private
NR
-
NR
-
Il Fornaio
Roark Capital GroupDining (Casual)
Private
NR
-
NR
-
In-N-Out Burger
In-N-Out Burger, Inc.Dining (Fast Food)
Private
NR
-
NR
-
Ingles Markets
Ingles Markets, Inc.Grocery
IMKTA
BB-
14.16%
Ba2
7.99%
Islands
Islands Restaurants, L.P.Dining (Casual)
Private
NR
-
NR
-
JCPenney
J.C. Penney Company, Inc.Department
JCP
B-
35.14%
Caa2
41.23%
Jack in the Box
Jack in the Box, Inc.Dining (Fast Food)
JACK
NR
-
NR
-
Jersey Mike's
Jersey Mike's Franchise Systems, Inc.Dining (QSR)
Private
NR
-
NR
-
Jewel-Osco
Albertsons Companies Inc.
Holding Company:
Cerberus Capital Management, L.P.
Grocery
Private
B
27.91%
B1
21.47%
Jiffy Lube
Jiffy Lube International, Inc.Auto (Parts & Service)
Private
NR
-
NR
-
Joe's Crab Shack
Landry's, Inc.Dining (Casual)
Private
NR
-
B3
33.02%
Johnny Carino's
Fired Up, Inc.Dining (Casual)
Private
NR
-
NR
-
Johnny Rockets
Johnny Rockets Group, Inc.
Holding Company:
Sun Capital Partners, Inc.
Dining (Casual)
Private
NR
-
NR
-
Jos. A. Bank
Tailored Brands, Inc.Apparel
LOCO
NR
-
NR
-
Kenneth Cole
KCP Holdco, Inc.Apparel
Private
NR
-
NR
-
Kentucky Fried Chicken
Yum! Brands, Inc.Dining (Fast Food)
YUM
BB
9.43%
Ba3
16.53%
KeyBank
KeyCorpBanks & Financial
KEY
BBB+
2.08%
Baa1
1.37%
KinderCare
KinderCare EducationSpecialty (Education)
Private
NR
-
NR
-
King Soopers
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
Kmart
Transform Holdco LLCDiscount (Department)
Private
NR
-
NR
-
Knowledge Beginnings
KinderCare EducationSpecialty (Education)
Private
NR
-
NR
-
Kohl's
Kohl's Corp.Department
KSS
BBB-
4.52%
Baa2
2.05%
Kroger
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
Kumon Learning Center
Kumon Institute of Education Co., Ltd.Specialty (Education)
Private
NR
-
NR
-
Kwik Trip
Kwik Trip, Inc.Convenience & Gas
Private
NR
-
NR
-
LA Fitness
LA Fitness International LLCSpecialty (Gym)
Private
NR
-
NR
-
La-Z-Boy
La-Z-Boy Inc.Home & Garden
LZB
NR
-
NR
-
La Salsa Fresh Mexican Grill
Kahala Brands, Ltd.Dining (QSR)
Private
NR
-
NR
-
Landry's Seafood
Landry's, Inc.Dining (Casual)
Private
NR
-
B3
33.02%
Legal Sea Foods
Legal Sea Foods, LLCDining (Casual)
Private
NR
-
NR
-
LensCrafters
Luxottica Group S.p.A.Specialty (Eyeglasses)
LUX
NR
-
NR
-
Lion's Choice
Red Beef Lion Corp.Dining (Fast Food)
Private
NR
-
NR
-
Little Caesars
Ilitch Holdings, Inc.Dining (Fast Food)
Private
NR
-
NR
-
Logan's Roadhouse
CraftWorks Restaurants & Breweries, Inc.
Dining (Casual)
Private
NR
-
NR
-
Lone Star Steakhouse & Saloon
Day Star Restaurant Group, Inc.Dining (Casual)
Private
NR
-
NR
-
Long John Silver's
Yum! Brands, Inc.Dining (Fast Food)
YUM
BB
9.43%
Ba3
16.53%
LongHorn Steakhouse
Darden Restaurants, Inc.Dining (Casual)
DRI
BBB
2.24%
Baa2
2.05%
Lowe's
Lowe's Companies, Inc.Home & Garden
LOW
BBB+
2.08%
Baa1
1.37%
Luby's Cafeteria
Luby's, Inc.Dining (Casual)
LUB
NR
-
NR
-
Lululemon Athletica
Lululemon Athletica, Inc.Apparel
LULU
NR
-
NR
-
Mac's
Alimentation Couche-Tard Inc.Convenience
OTC:ANCUF
BBB
2.24%
Baa2
2.05%
Macy's
Macy's Inc.Department
M
BBB-
4.52%
Baa3
3.48%
Maggiano's Little Italy
Brinker International, Inc.Dining (Casual)
EAT
BB+
6.29%
Ba1
6.42%
Mail Boxes Etc.
United Parcel Service, Inc.Specialty (Business Services)
UPS
A+
0.63%
A1
0.42%
Marie Callender's
Perkins & Marie Callender's, LLCDining (Casual)
Private
NR
-
NR
-
Marshalls
The TJX Companies, Inc.Home & Garden
TJX
A+
0.63%
A2
0.61%
MARTIN's Food Markets
Ahold DelhaizeGrocery
DEG
BBB
2.24%
NR
-
Massage Envy
Massage Envy Franchising, LLCSpecialty (Massages)
Private
NR
-
NR
-
MattressFirm
Mattress Firm Holding Corp.Home & Garden
MFRM
NR
-
NR
-
Max & Erma's
Glacier Restaurant GroupDining (Casual)
Private
NR
-
NR
-
McCormick & Schmick's
Landry's, Inc.Dining (Casual)
Private
NR
-
B3
33.02%
McDonald's
McDonalds Corp.Dining (Fast Food)
MCD
BBB+
2.08%
Baa1
1.37%
Meijer
Meijer, Inc.Grocery
Private
NR
-
NR
-
Meineke
Driven Brands, Inc.Auto (Parts & Service)
Private
NR
-
NR
-
The Melting Pot
Front Burner Brands, Inc.Dining (Casual)
Private
NR
-
NR
-
The Men's Wearhouse
Tailored Brands, Inc.Apparel
LOCO
NR
-
NR
-
Michael Kors
Capri Holdings LimitedApparel
CPRI
BBB-
4.52%
NR
-
Michaels
Michaels Companies Inc.Specialty (Arts & Crafts)
MIK
BB-
14.16%
Ba2
21.47%
Midas
TBC Corporation, Inc.Auto (Parts & Service)
Private
NR
-
NR
-
Mimi's Cafe
Le Duff AmericaDining (Casual)
Private
NR
-
NR
-
Mitchell's Fish Market
Landry's, Inc.Dining (Casual)
Private
NR
-
B3
33.02%
Mobil
Exxon Mobil Corp.Gas
XOM
AA+
0.15%
Aaa
0.09%
Montana Mike's
Stockade Companies, LLCDining (Casual)
Private
NR
-
NR
-
Morton's The Steakhouse
Landry's, Inc.Dining (Casual)
Private
NR
-
B3
33.02%
Motherhood Maternity
Destination Maternity Corp.Apparel
DEST
NR
-
NR
-
Muer Seafood Restaurants
Landry's, Inc.Dining (Casual)
Private
NR
-
B3
33.02%
Napa Auto Parts
Genuine Parts Co.Auto (Parts & Service)
GPC
NR
-
NR
-
National
Enterprise Holdings, Inc.Automotive (Rentals)
Private
A-
0.80%
NR
-
Navarro Discount Pharmacy
CVS Health Corp.Drug
CVS
BBB
2.24%
Baa2
2.05%
New Balance
New Balance Athletics, Inc.Apparel
Private
NR
-
NR
-
New York & Company
New York & Company, Inc.Apparel
RTW
NR
-
NR
-
Ninety Nine (99) Restaurant & Pub
American Blue Ribbon Holdings, LLCDining (Casual)
Private
NR
-
NR
-
Nordstrom
Nordstrom, Inc.Department
JWN
BBB+
2.08%
Baa1
1.37%
Nordstrom Rack
Nordstrom, Inc.Department
JWN
BBB+
2.08%
Baa1
1.37%
Norm's
NORMS Restaurants, Inc.Dining (Casual)
Private
NR
-
NR
-
Northern Tool
Northern Tool & Equipment Co.Home & Garden
Private
NR
-
NR
-
O'Charley's
American Blue Ribbon Holdings, LLCDining (Casual)
Private
NR
-
NR
-
Office Depot
Office Depot, Inc.Specialty (Office Supply)
ODP
B
27.91%
Ba3
16.53%
OfficeMax
Office Depot, Inc.Specialty (Office Supply)
ODP
B
27.91%
Ba3
16.53%
Old Country Buffet
Ovation Brands, Inc.Dining (Casual)
Private
NR
-
NR
-
Old Navy
The Gap Inc.Apparel
GPS
BB+
6.29%
Baa2
7.99%
Olive Garden
Darden Restaurants, Inc.Dining (Casual)
DRI
BBB
2.24%
Baa2
2.05%
On the Border
Argonne Capital GroupDining (Casual)
Private
NR
-
NR
-
O'Reilly Auto Parts
O'Reilly Automotive, Inc.Auto (Parts & Service)
ORLY
BBB
2.24%
Baa1
1.37%
The Original Pancake House
The Original Pancake House Franchising, LLCDining (Casual)
Private
NR
-
NR
-
Outback Steakhouse
Bloomin' Brands, Inc.Dining (Casual)
BLMN
BB
9.43%
NR
-
P.F. Chang's China Bistro
P.F. Chang's China Bistro, Inc.
Holding Company:
Centerbridge Partners, L.P.
Dining (Casual)
Private
CCC
47.56%
Caa1
41.23%
Panda Express
Panda Restaurant Group, Inc.Dining (QSR)
Private
NR
-
NR
-
Panera Bread
JAB Holding Company S.à r.l.Dining (Casual)
Private
A-
0.80%
Baa1
1.37%
Papa John's Pizza
Papa John's International, Inc.Dining (Fast Food)
PZZA
NR
-
NR
-
Paradise Bakery & Cafe
JAB Holding Company S.à r.l.Dining (Casual)
Private
A-
0.80%
Baa1
1.37%
Party City
Party City Holdings Inc.Specialty (Party Supply)
PRTY
B+
19.93%
Ba3
16.53%
Paul Mitchell Schools
John Paul Mitchell SystemsSpecialty (Cosmetology)
Private
NR
-
NR
-
Pearle Vision
Luxottica Group S.p.A.Specialty (Eyeglasses)
LUX
NR
-
NR
-
Peet's Coffe & Tea
JAB Holding Company S.à r.l.Dining (QSR)
Private
A-
0.80%
Baa1
1.37%
Pei Wei Asian Diner
P.F. Chang's China Bistro, Inc.
Holding Company:
Centerbridge Partners, L.P.
Dining (Casual)
Private
CCC
47.56%
Caa1
41.23%
Penn Station East Coast Subs
Penn Station, Inc.Dining (QSR)
Private
NR
-
NR
-
Pep Boys
Icahn Enterprises L.P.Auto (Parts & Service)
IEP
BB+
6.29%
Ba3
16.53%
Perkins Restaurant & Bakery
Perkins & Marie Callender's, LLCDining (Casual)
Private
NR
-
NR
-
PETCO
PETCO Animal Supplies, Inc.Specialty (Pet Supply)
Private
B
27.91%
B2
23.81%
PetSmart
PetSmart, Inc.Specialty (Pet Supply)
Private
CCC
47.56%
Caa1
41.23%
Phillips 66
ConocoPhillipsGas
COP
A
0.42%
A3
0.66%
Pick Up Stix
Pick Up Stix, Inc.
Holding Company:
West Coast Capital
Dining (QSR)
Private
NR
-
NR
-
Pier 1 Imports
Pier 1 Imports, Inc.Home & Garden
PIR
CCC+
47.56%
NR
-
Pilot Travel Centers
Pilot Travel Centers LLCConvenience & Gas
Private
BB+
6.29%
Ba1
6.42%
PinkBerry
Kahala Brands, Ltd.Dining (QSR)
Private
NR
-
NR
-
Pizza Hut
Yum! Brands, Inc.Dining (QSR)
YUM
BB
9.43%
Ba3
16.53%
Planet Fitness
Planet Fitness Holdings, LLCSpecialty (Gym)
PLNT
NR
-
NR
-
Planet Hollywood
Planet Hollywood International, Inc.Dining (Casual)
Private
NR
-
NR
-
PNC Bank
The PNC Financial Services Group, Inc.Banks & Financial
PNC
A-
0.80%
A3
0.66%
Pollo Tropical
Fiesta Restaurant Group, Inc.Dining (QSR)
FRGI
NR
-
NR
-
Polo Ralph Lauren
Polo Ralph Lauren Corp.Apparel
RL
A-
0.80%
A2
0.61%
Ponderosa Steakhouse
Homestyle Dining, LLC
Holding Company:
Metromedia Company, Inc.
Dining (Casual)
Private
NR
-
NR
-
Popeyes
Restaurant Brands International Inc.Dining (Fast Food)
QSR
B+
6.29%
NR
-
Pottery Barn
Williams-Sonoma, Inc.Home & Garden
WSM
NR
-
NR
-
Publix
Publix Super Markets Inc.Grocery
Private
NR
-
NR
-
Qdoba Mexican Grill
Apollo Global Management, LLCDining (Fast Food)
APO
A
0.42%
NR
-
QFC Quality Food Centers
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
QuikTrip
QuikTrip Corp.Convenience & Gas
Private
NR
-
NR
-
Quiznos
High Bluff Capital PartnersDining (QSR)
Private
NR
-
NR
-
Rainforest Cafe
Landry's, Inc.Dining (Casual)
Private
NR
-
B3
33.02%
Raising Cane's
Raising Cane's Restaurants, LLCDining (Fast Food)
Private
NR
-
NR
-
Rally's
Checkers Drive-In Restaurants, Inc.
Holding Company:
Oak Hill Capital Partners
Dining (Fast Food)
Private
NR
-
NR
-
Ralphs
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
Royal Bank of Canada (RBC)
Royal Bank of Canada (USA)Banks & Financial
RY
AA-
0.51%
Aa2
0.23%
Red Lobster
Golden Gate CapitalDining (Casual)
Private
NR
-
NR
-
Red Robin
Red Robin Gourmet Burgers, Inc.Dining (Casual)
RRGB
NR
-
NR
-
Regal Cinemas
Cineworld Group plcSpecialty (Entertainment)
CINE
BB-
14.16%
NR
-
Regis Salons
Regis Corp.Specialty (Cosmetology)
RGS
NR
-
NR
-
Rite Aid
Walgreens Boots Alliance, Inc.Drug
WBA
BBB
2.24%
Baa2
2.05%
Romano's Macaroni Grill
Romano's Macaroni Grill Inc.Restaurants
Private
NR
-
NR
-
Ross Dress for Less
Ross Stores, Inc.Discount (Apparel)
ROST
A-
0.80%
A3
0.66%
Round Table Pizza
Global Franchise Group, LLCDining (Casual)
Private
NR
-
NR
-
Roy's
United Ohana LLCDining (Casual)
Private
NR
-
NR
-
Rubio's Fresh Mexican Grill
Rubio's Restaurants, Inc.
Holding Company:
Mill Road Capital
Dining (QSR)
Private
NR
-
NR
-
Ruby Tuesday
NRD Capital Management, LLCDining (Casual)
Private
B-
35.14%
B3
33.02%
Ruby's Diner
Ruby's Diner, Inc.Dining (Casual)
Private
NR
-
NR
-
Rural King
Rural King Supply, Inc.Specialty (Agricultural Supply)
Private
NR
-
NR
-
Ruth's Chris Steak House
Ruth's Hospitality Group, Inc.Restaurants
RUTH
NR
-
NR
-
Ryan's
Ovation Brands, Inc.Dining (Casual)
Private
NR
-
NR
-
Safeway
Albertsons Companies Inc.
Holding Company:
Cerberus Capital Management, L.P.
Grocery
Private
B
27.91%
B1
21.47%
Saint Louis Bread Company
JAB Holding Company S.à r.l.Dining (Casual)
Private
A-
0.80%
Baa1
1.37%
Saks Fifth Avenue
Hudson's Bay CompanyDepartment
HBC
B
27.91%
B3
33.02%
Saks OFF 5TH
Hudson's Bay CompanyDepartment
HBC
B
27.91%
B3
33.02%
Sally Beauty Supply
Sally Beauty Holdings, Inc.Specialty (Women's Products)
SBH
BB-
14.16%
NR
-
Sam's Club
Wal-Mart Stores, Inc.Discount (Department)
WMT
AA
0.15%
Aa2
0.23%
Sav-A-Lot
Onex CorporationGrocery
SVU
NR
-
NR
-
Sbarro
Sbarro Inc.Dining (QSR)
Private
NR
-
NR
-
Schnucks
Schnuck Markets, Inc.Grocery
Private
NR
-
NR
-
Sears
Transform Holdco LLCDiscount (Department)
Private
NR
-
NR
-
Seasons 52
Darden Restaurants, Inc.Dining (Casual)
DRI
BBB
2.24%
Baa2
2.05%
Sephora
LVMH S.E.Specialty (Women's Products)
MC
A+
0.63%
NR
-
Shakey's Pizza Parlor
Shakey's USA, Inc.
Holding Company:
The Jacmar Companies
Dining (Casual)
Private
NR
-
NR
-
Sharky's Woodfired Mexican Grill
Sharky's Franchise Group, LLCDining (Casual)
Private
NR
-
NR
-
Shaw's
Albertsons Companies Inc.
Holding Company:
Cerberus Capital Management, L.P.
Grocery
Private
B
27.91%
B1
21.47%
Sheetz
Sheetz, Inc.Convenience & Gas
Private
NR
-
NR
-
Shell Oil
Royal Dutch Shell plc (ADR)Gas
RDS.A
AA-
0.51%
Aa2
0.23%
Sherwin-Williams
The Sherwin-Williams Co.Home & Garden
SHW
BBB
2.24%
Baa3
3.48%
Shoe Carnival
Shoe Carnival, Inc.Apparel
SCVL
NR
-
NR
-
Shoney's
Royal Hospitality Corp.Dining (Casual)
Private
NR
-
NR
-
Shopko
Shopko Stores Operating Co., LLC
Holding Company:
Sun Capital Partners, Inc.
Grocery
Private
NR
-
NR
-
Shoppers Food Warehouse
United Natural Foods, IncorporatedGrocery
UNFI
NR
-
NR
-
Sirloin Stockade
Stockade Companies, LLCDining (Casual)
Private
NR
-
NR
-
Sizzler
Sizzler USA Restaurants, Inc.Restaurants
Private
NR
-
NR
-
Smart & Final
Smart & Final Stores, Inc.Grocery
SFS
B
27.91%
B3
33.02%
Smith's Food and Drug Stores
The Kroger Co.Grocery
KR
BBB
2.24%
Baa1
6.42%
Smokey Bones Bar & Fire Grill
Barbeque Integrated, Inc.
Dining (Casual)
Private
NR
-
NR
-
Sonic Drive-In
Inspire Brands, Inc.Restaurants
Private
NR
-
NR
-
Souplantation
Cerberus Capital Management, L.P.Dining (Casual)
Private
B
27.91%
B1
21.47%
Sprint
Sprint Corp.Electronics
S
B+
19.93%
B3
33.02%
Sprouts Farmers Market
Sprouts Farmers Market, Inc.Grocery
SFM
NR
-
NR
-
Staples
Sycamore PartnersSpecialiy (Office Supply)
Private
NR
-
NR
-
Starbucks
Starbucks Corp.Dining (QSR)
SBUX
BBB+
2.08%
Baa1
1.37%
Stater Brothers Markets
Stater Bros. Holdings Inc.Grocery
Private
NR
-
NR
-
Steak 'n Shake
Biglari Holdings, Inc.Dining (Fast Food)
BH
NR
-
NR
-
Stein Mart
Stein Mart, Inc.Discount (Apparel)
SMRT
NR
-
NR
-
Steve Madden
Steve Madden, Ltd.Apparel
SHOO
NR
-
NR
-
Stoney River Steakhouse
J Alexanders Holdings Inc.Dining (Casual)
JAX
NR
-
NR
-
Stop & Shop
Ahold DelhaizeGrocery
DEG
BBB
2.24%
NR
-
Subway
Doctor's Associates Inc.Dining (QSR)
Private
NR
-
NR
-
Sunglass Hut
Luxottica Group S.p.A.Specialty (Eyeglasses)
LUX
NR
-
NR
-
SunTrust Bank
SunTrust Banks, Inc.Banks & Financial
STI
BBB+
2.08%
Baa1
1.37%
T-Mobile
T-Mobile US, Inc.Electronics
TMUS
BB+
6.29%
Ba2
7.99%
T.G.I. Friday's
TGI Friday's, Inc.Dining (Casual)
Private
NR
-
NR
-
T.J. Maxx
The TJX Companies, Inc.Home & Garden
TJX
A+
0.63%
A2
0.61%
Taco Bell
Yum! Brands, Inc.Dining (Fast Food)
YUM
BB
9.43%
Ba3
16.53%
Taco Cabana
Fiesta Restaurant Group, Inc.Dining (QSR)
FRGI
NR
-
NR
-
Talbots
The Talbots, Inc.
Holding Company:
Sycamore Partners
Apparel
Private
B-
35.14%
B2
23.81%
Target
Target Corp.Discount (Department)
TGT
A
0.42%
A2
0.61%
TD Bank
Toronto-Dominion Bank, N.A.Banks & Financial
TD
AA-
0.51%
A1
0.42%
Texaco
Chevron Corp.Gas
CVX
AA
0.15%
Aa2
0.23%
Texas Land & Cattle
Day Star Restaurant Group, Inc.Dining (Casual)
Private
NR
-
NR
-
Texas Roadhouse
Texas Roadhouse, Inc.Dining (Casual)
TXRH
NR
-
NR
-
Thrifty Car Rental
Hertz Global Holdings, Inc.Auto (Rental)
HTZ
B+
19.93%
B2
23.81%
Tiffany & Co.
Tiffany & Co.Specialty (Jewelry)
TIF
BBB+
2.08%
Baa2
2.05%
Tilted Kilt
ARC Group, Inc.Dining (Casual)
Private
NR
-
NR
-
Tim Horton's
Restaurant Brands International Inc.Dining (Fast Food)
QSR
B+
19.93%
NR
-
Togo's
Togo's Eateries, Inc.
Nimes Capital, LLC
Dining (QSR)
Private
NR
-
NR
-
Tony Roma's
Romacorp, Inc.Dining (Casual)
Private
NR
-
NR
-
Tractor Supply Company
Tractor Supply Co.Specialty (Agricultural Supply)
TSCO
NR
-
NR
-
Trader Joe's
Trader Joe's CompanyGrocery
Private
NR
-
NR
-
True Value
True Value CompanyHome & Garden
Private
NR
-
NR
-
Tumbleweed Southwest Grill
Tumbleweed, Inc.Dining (Casual)
Private
NR
-
NR
-
Ulta Beauty
Ulta Salon, Cosmetics & Fragrance, Inc.Specialty (Women's Products)
ULTA
NR
-
NR
-
Uno Chicago Grill
Uno Restaurant Holdings Corp.Dining (Casual)
Private
NR
-
NR
-
The UPS Store
United Parcel Service, Inc.Specialty (Business Services)
UPS
A+
0.63%
A1
0.42%
Urban Ouffitters
Urban Outfitters, Inc.Apparel
URBN
NR
-
NR
-
US Bank
U.S. BancorpBanks & Financial
USB
A+
0.63%
A1
0.42%
Valero
Valero Energy Corp.Gas
VLO
BBB
2.24%
Baa2
2.05%
Vallarta Supermarkets
Vallarta Food Enterprises, Inc.Grocery
Private
NR
-
NR
-
Valvoline Instant Oil Change
Ashland Inc.Auto (Parts & Service)
ASH
BBB
2.24%
Ba2
7.99%
VCA Veterinary Hospital
Mars, IncorporatedSpecialty (Pet Care)
Private
NR
-
NR
-
Verizon Wireless
Verizon Communications Inc.Electronics
VZ
BBB+
2.08%
Baa1
1.37%
Victoria's Secret
L Brands, Inc.Specialty (Women's Products)
LB
BB
9.43%
Ba1
6.42%
Village Inn
American Blue Ribbon Holdings, LLCDining (Casual)
Private
NR
-
NR
-
Vitamin Shoppe
Vitamin Shoppe, Inc.Specialty (Health Products)
VSI
NR
-
NR
-
Vons
Albertsons Companies Inc.
Holding Company:
Cerberus Capital Management, L.P.
Grocery
Private
B
27.91%
B1
21.47%
Waffle House
Waffle House, Inc.Dining (Casual)
Private
NR
-
NR
-
Walgreens
Walgreens Boots Alliance, Inc.Drug
WBA
BBB
2.24%
Baa2
2.05%
Walmart
Wal-Mart Stores, Inc.Discount (Department)
WMT
AA
0.15%
Aa2
0.23%
Wawa
Wawa, Inc.Grocery
Private
NR
-
NR
-
Weight Watchers
Weight Watchers International, Inc.Specialty (Weight Loss)
WTW
B+
19.93%
Ba3
16.53%
Weis Markets
Weis Markets, Inc.Grocery
WMK
NR
-
NR
-
Wells Fargo
Wells Fargo & Co.Banks & Financial
WFC
A-
0.80%
Aa1
0.17%
Wendy's
The Wendy's CompanyDining (Fast Food)
WEN
B
27.91%
B2
23.81%
West Elm
Williams-Sonoma, Inc.Home & Garden
WSM
NR
-
NR
-
West Marine
West Marine, Inc.Specialty (Boating Supply)
Private
NR
-
NR
-
Western Sizzlin
Biglari Holdings, Inc.Dining (Casual)
BH
NR
-
NR
-
White Castle
White Castle System, Inc.Dining (Fast Food)
Private
NR
-
NR
-
Whole Foods
Amazon.com, Inc.Grocery
AMZN
AA-
0.51%
A3
0.66%
Williams-Sonoma
Williams-Sonoma, Inc.Home & Garden
WSM
NR
-
NR
-
Wingstop
Wingstop Inc.Dining (Casual)
WING
NR
-
NR
-
Winn-Dixie
BI-LO, LLC
Southeastern Grocers LLC
Holding Company:
Lone Star Funds
Grocery
Private
B
27.91%
B3
33.02%
Wood Ranch BBQ & Grill
Wood Ranch BBQ & GrillDining (Casual)
Private
NR
-
NR
-
Yard House
Darden Restaurants, Inc.Dining (Casual)
DRI
BBB
2.24%
Baa2
2.05%
Yogurtland
Yogurtland Franchising, Inc.Dining (QSR)
Private
NR
-
NR
-
Yoshinoya
Yoshinoya America, Inc.
Holding Company:
Yoshinoya Holdings Co., Ltd.
Dining (QSR)
TYO:9861
NR
-
NR
-
Zales
Signet Jewelers Ltd.Specialty (Jewelry)
SIG
BB
9.43%
NR
-
Zaxby's
Zaxby's Franchising, Inc.Dining (Fast Food)
Private
NR
-
NR
-

    Notes
  • Click on the logo in the Tenant column to visit each tenant’s website, which is useful for familiarizing oneself with the brand and its related products and services, researching the latest company news and new store openings, and identifying existing store locations.
  • Click on the link in the Parent Company column to visit each tenant’s holding company website, which often includes information on the organizational structure, informative press releases, financial highlights, and 10-Ks and other financial disclosures required by the SEC (if the tenant is publicly traded).
  • For publicly-traded tenants, click on the link in the Stock Ticker column to visit each corporation’s Google Finance page, which features the latest business and enterprise headlines, including recent financial decisions and major news events.  Historical and real-time stock information is available, as are Adobe Flash-based stock price charts which contain marks for major news events and corporate actions.  The site also aggregates Google News and Google Blog Search articles about each corporation.  For more on how to use Google Finance to track companies and analyze their financial performance, please visit the websites help section here.
  • Moody’s and Standard & Poor’s (“S&P”) are the two largest credit rating agencies that analyze the creditworthiness of corporations spanning every industry sector. The long-term ratings are opinions of the relative credit risk of each tenant’s financial obligations with an original maturity of one year or more. They address the possibility that a financial obligation will not be honored as promised. Such ratings reflect both the likelihood of default and any financial loss suffered in the event of default. A breakdown of S&P’s rating system can be found here, and Moody’s can be found here.
  • The default probabilities measure degree of likelihood that each tenant will not be able to make the necessary scheduled repayments on their long-term debt within the next five years. Should the borrower be unable to pay, they are then said to be in default of the debt, at which point the lenders of the debt have legal avenues to attempt obtaining at least partial repayment. Generally speaking, the higher the default probability a lender estimates a borrower to have, the higher the interest rate the lender will charge the borrower (as compensation for bearing higher default risk).
Standard & Poor’s Long-Term Credit Ratings
RatingDescription
AAAExtremely strong capacity to meet financial commitments. Highest Rating.
AAVery strong capacity to meet financial commitments.
AStrong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances
BBBAdequate capacity to meet financial commitments, but more subject to adverse economic conditions.
BBB-Considered lowest investment grade by market participants.
BB+Considered highest speculative grade by market participants.
BBLess vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions.risk.
BMore vulnerable to adverse business, financial and economic conditions but currently has the capacity to meet financial commitments.
CCCCurrently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments.
CCCurrently highly vulnerable.
CCurrently highly vulnerable obligations and other defined circumstances.
DPayment default on financial commitments.
Moody’s Long-Term Credit Ratings
RatingDescription
AaaObligations rated Aaa are judged to be of the highest quality, with minimal credit risk.
AaObligations rated Aa are judged to be of high quality and are subject to very low credit risk.
AObligations rated A are considered upper-medium grade and are subject to low credit risk.
BaaObligations rated Baa are subject to moderate credit risk. They are considered medium grade and as such may possess certain speculative characteristics.
BaObligations rated Ba are judged to have speculative elements and are subject to substantial credit risk.
BObligations rated B are considered speculative and are subject to high credit risk.
CaaObligations rated Caa are judged to be of poor standing and are subject to very high credit
risk.
CaObligations rated Ca are highly speculative and are likely in, or very near, default, with
some prospect of recovery of principal and interest.
CObligations rated C are the lowest rated class and are typically in default, with little prospect for recovery of principal or interest.