Solid position in casual dining Good track record as a restaurant operator Solid balance sheet and credit protection measures Cash flow consistently strong Participates in a highly competitive industry Ratings reflect Brinker International's solid position in the casual dining industry, its good track record as a restaurant operator, and its satisfactory financial profile. Brinker is the second-largest company in the casual dining sector, based on sales. The growth of its Chili's, Macaroni Grill, and On The Border concepts into well-established chains reflects the company's ability to develop, commercialize, and operate diverse restaurant formats. Brinker's management depth and well-developed system infrastructure have been instrumental to this success. The company has historically recorded consistently good operating results due to its focus on