Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AMC Entertainment Inc. > News item |
Fitch cuts AMC to negative
Fitch Ratings said it affirmed AMC Entertainment Inc. and AMC Entertainment Holdings, Inc.
The outlook was revised to negative from stable.
The negative outlook reflects the company's the weakening credit metrics, Fitch said.
It also considers the limited headroom within the current ratings for further deterioration, the agency said.
If the upcoming movie slate and the recent theater portfolio actions are unable to stabilize and drive improved credit metrics, Fitch said it downgrade the ratings by one notch.
The ratings are supported by the company's position as the second-largest domestic movie exhibitor with 357 theatres and 5,098 screens, the agency said.
© 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.