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Fitch: AMC view to stable
Fitch Ratings said it affirmed the B issuer default rating of AMC Entertainment, Inc.
The outlook was revised to stable from negative.
Fitch said the outlook revision is primarily driven by the company's improved credit metrics (driven by debt reduction and improved operations), Dalian Wanda Group's planned investment of additional capital to improve AMC's circuit of theaters ($100 million invested and an additional $400 million available) and Fitch's stable outlook on the movie exhibition industry.
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