Fitch: Regal unaffected

Fitch Ratings said the B+ issuer default ratings of Regal Entertainment Group and Regal Cinemas Corp. will be unaffected by Regal's announcement of a special dividend and a 17% increase to its quarterly dividend.

Also unchanged are Regal's B-/RR6 senior notes and Regal Cinemas' BB+/RR1 senior secured credit facility and B+/RR4 senior notes.

The special dividend is a meaningful drain on liquidity, but it is accommodated within Regal's current ratings, the agency said.

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