Dallas-based casual dining restaurant company Brinker International Inc.'s recently amended credit agreement extends the maturity of its revolving credit facility to December 2022. The extension, along with our expectations for improving cash flow generation and availability under the revolver, have led us to revise the liquidity assessment to adequate from less than adequate. We are affirming all of our ratings on Brinker, including our 'B+' issuer credit rating. The negative outlook reflects the ongoing uncertainty and risks that COVID-19 poses to Brinker's operating performance and its ability to strengthen credit metrics over the next 12 months. Comparable restaurant sales improved sequentially during the latest quarter as the return of on-premise dining supplemented the company's off-premise sales channel. Notably, operating cash
