S&P: AMC on developing watch

Standard & Poor's said it placed its B rating on AMC Entertainment Holdings Inc., along with all issue-level ratings on its debt, on CreditWatch with developing implications.

The agency said it rates the company on a consolidated basis with subsidiary AMC Entertainment Inc.

S&P said the CreditWatch placement is based on the announcement that Dalian Wanda Group Co. Ltd., which is engaged in commercial properties, luxury hotels, tourism investment, department stores and cultural businesses has agreed to purchase AMC to expand its entertainment operations into the U.S.

Because Dalian Wanda Group is a privately held company, S&P said it does not yet have adequate information to predict the affect of the acquisition on AMC's ratings.

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