S&P: Arby's Restaurant on watch

Standard & Poor's said it placed its ratings, including the B+ corporate credit rating, on Arby's Restaurant Group Inc. on CreditWatch with negative implications.

The CreditWatch listing is based on operating performance and credit measures that are well below expectations, S&P said, adding it had expected credit measures to improve over the past year as the company's acquisition of The RTM Restaurant Group improved the overall operating efficiency of the Arby's system.

Affected ratings include the company's $720 million senior secured loan at B+ with a recovery rating of 2.

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