Fitch affirms AMC

Fitch Ratings said it affirmed the ratings of AMC Entertainment Inc., Marquee Holdings Inc. and AMC Entertainment Holdings, Inc.

AMC's issuer default rating was affirmed at B, senior secured credit facilities at BB with a recovery rating of RR1, senior unsecured notes at B with a recovery rating of RR4 and senior subordinated notes at CCC with a recovery rating of RR6.

Marquee's issuer default rating was affirmed at B and senior discount notes at CC with a recovery rating of RR6. AMC Entertainment Holdings' issuer default rating was affirmed at B and senior unsecured term loan at CC with a recovery rating of RR6.

The outlook is stable.

The ratings are supported by the company's competitive positioning as the second-largest domestic movie exhibitor, with 382 theatres and 5,342 screens, Fitch said, and with a leading market share in many of the largest designated market areas.

The agency also said it believes movie exhibition will continue to be a key promotion window for the movie studios' biggest and most profitable releases.

Fitch added that concession revenues have remained relatively stable, despite the weak economic conditions.

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