Family Restaurants’ Bond Rating Lowered

Moody’s Investors Service, expressing concern over the possible impact of Family Restaurants Inc.’s move to acquire struggling Koo Koo Roo Inc., lowered its rating Friday on two of the Irvine company’s debt issues. The Wall Street bond rating firm said the proposed acquisition likely will force the Irvine company, which owns El Torito and Chi-Chi restaurants, to increase its debt load. Ratings for the company’s senior unsecured notes and senior subordinated notes were lowered.