S&P removes Regal from negative watch

Standard & Poor’s said it removed all of the ratings on Regal Entertainment Group and its operating subsidiary, Regal Cinemas Corp., from CreditWatch, where it was placed with negative implications in October 2014.

The outlook is stable.

The group has B+ corporate credit ratings, BB rating on its senior secured credit facility and B- rating on its senior unsecured notes.

The ratings were removed from negative watch after news that the company is no longer considering a sale, even though it is still considering strategic alternatives to enhance shareholder value, S&P said.

A leveraged sale of Regal is unlikely in 2015, the agency said.

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