Moody's to review Wendy's for possible downgrade
April 27, 2007
by Eric Schroeder
NEW YORK — Moody’s Investors Service on Thursday placed all of the ratings of Wendy’s International, Inc. on review for possible downgrade following the fast-food restaurant’s announcement that its board of directors has formed a special committee to investigate all strategic options for Wendy’s to enhance shareholder value.
"These options, among other things, may include revisions to Wendy’s strategic plan, changes to its capital structure, a possible sale, merger or other business combination," Moody’s said.