Moody's Ratings affirms Wendy's B3 CFR; upgrades senior unsecured notes to B3
Moody's Ratings (Moody's) today affirmed Wendy's Company's (Wendy's) B3 corporate family rating (CFR), B3-PD probability of default rating (PDR). At the same time, Moody's upgraded Wendy's International, LLC's senior unsecured notes rating to B3 from Caa2. The outlooks for both remain stable. The ...The Wendy's is a holding company. The company's subsidiary, Wendy's Restaurants, LLC, is the parent company of Wendy's International, LLC (Wendy's), which is the owner and franchisor of the Wendy's? restaurant system in the U.S. Wendy's is a quick-service restaurant company in the hamburger sandwich segment. Each Wendy's restaurant provides a menu featuring hamburger sandwiches and filet of chicken breast sandwiches. Wendy's menu also includes chicken nuggets, chili, french fries, baked potatoes, salads, soft drinks, Frosty? desserts and kids' meals. In addition, the restaurants sell a variety of promotional products.Wendy's also provides breakfast in some restaurants in the U.S.
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