S&P gives BB- to Wendy's loan

Standard & Poor's said it assigned a BB- and a 2 recovery rating to Wendy's International Inc.'s term loan A.

The restaurant chain's announcement that it plans to refinance $300 million of its term loan B into a new term loan A facility has no immediate impact on the ratings or outlook on the company, S&P said.

The B+ corporate credit rating is unchanged.

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