S&P affirms Wendy's/Arby's

Standard & Poor's said it affirmed the B+ corporate credit rating on Wendy's/Arby's Group Inc. and its subsidiary Wendy's International Inc.

The agency said it removed the ratings from Creditwatch with negative implications, where they were placed March 2.

At the same time, the agency said it raised the rating on Arby's Restaurant Group Inc. two notches to B+ from B- and removed the ratings from Creditwatch with developing implications, where they were placed on March 2.

The outlook is stable.

The agency added that these rating actions follow Arby's amending its senior secured credit facility.

© 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.