S&P rates Cineworld DIP B

S&P said it assigned a B rating to Cineworld Group plc’s $1.935 billion debtor-in-possession term loan.

Cineworld filed for protection under Chapter 11 of the U.S. Bankruptcy Code on Sept. 7. The D issuer rating is unchanged.

“Our B issue rating on Cineworld's DIP term loan reflects our view of the credit risk borne by facility debtholders,” S&P said in a press release.

The rating is a point-in-time rating and will not be reviewed, modified or updated, the agency said.

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