Moody's changes Wendy's view to stable

Moody's Investors Service said it changed the outlook to stable from negative and affirmed Wendy's Co.'s B3 corporate family rating, B3-PD probability of default rating and Caa2 senior unsecured notes rating.

"The affirmation and change in outlook to stable reflect the steady improvement in Wendy's operating performance that has resulted in earnings and cash flow growth despite continued government restrictions imposed as a result of the Covid-19 pandemic," stated Bill Fahy, a Moody's senior credit officer, in a press release.

© 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.