The ratings on Dallas-based Brinker International reflect the company's solid position in the casual dining industry, good track record as a restaurant operator, and satisfactory financial profile. These strengths are partially offset by the company's participation in the competitive restaurant industry. Brinker is the second-largest company in the casual dining sector, based on sales, after Darden Restaurants Inc. 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 in this success. The company has posted consistently good operating results because of its focus on atmosphere, food, and service. Brinker sales trends have been
