Moody's: Wendy's/Arby's unchanged

Moody's Investors Service said that the ratings and outlook for Wendy's/Arby's Restaurants, LLC will not be affected by the company's announcement that it has signed a definitive agreement to sell Arby's to a buyer formed by Roark Capital Group.

This includes the B2 corporate family rating and probability of default rating. The outlook remains developing.

The announcement appears to be a neutral event and the ratings and outlook will be revisited once the transaction is consummated and the terms and conditions are finalized, the agency said.

However, if the sale of Arby's to a buyer formed by Roark Capital Group is consummated as currently proposed, the ratings would likely be affirmed with a stable outlook, the agency added.

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