Good market position in casual dining under the Chili's and Maggiano's brands; Good track record as a restaurant operator with expanding margins in recent years; and Participation in the highly competitive restaurant industry. Consistent, satisfactory operating cash flow generation; Moderate financial policy; and Credit metrics that are consistent with an "intermediate" financial risk profile. Our outlook on Brinker International Inc. is stable. We expect operating performance to improve modestly in fiscal 2013 and 2014 as the company expands margins and the economy continues to recover. We also believe Brinker will maintain shareholder initiatives consistent with its moderate financial policy and credit metrics will remain in line with an intermediate financial risk profile. We would consider a downgrade if Brinker increases
