Fitch cuts AMC notes to B-

Fitch Ratings said it affirmed the B+ issuer default rating of AMC Entertainment, Inc. along with the specific issuer ratings assigned to the company's senior secured credit facility at BB+/RR1.

The agency downgraded the specific issuer ratings assigned to the company's senior subordinated notes to B-/RR6 from B/RR5.

Fitch said the downgrade was driven by the increase in incremental secured debt and subordinated debt related to the acquisition of Carmike Cinemas, Inc.

The outlook remains stable.

© 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.