NEW YORK (Standard&Poor's) June 25, 2015--Standard&Poor's Ratings Services today said Brinker International Inc.'s announced acquisition of 103 Chili's units from its franchisee Pepper Dining Holding Corp. has no immediate impact on our 'BBB-' corporate credit rating or stable outlook on the company. The acquisition, with purchase price of $106.5 million funded by drawing on its $750 million revolver, would modestly expand the company's sales and EBITDA base, while resulting in a somewhat higher leverage. Pro forma for the acquisition, we estimate debt to EBITDA will increase to the 2.6x to 2.7x range from 2.5x as of March 2015, but remain in line with our expectations for the rating. Therefore, we do not expect to revise our
