S&P puts Arby's on watch

Standard & Poor's said it placed Arby's Restaurant Group Inc.'s B+ corporate credit rating on CreditWatch with negative implications after Triarc Cos. Inc., of which Arby's is a wholly owned subsidiary, placed a bid to buy Wendy's International Inc.

The agency said it's likely the deal could be financed with debt, which could boost financial risk.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.