S&P Upgrades AMC Entertainment Holdings To 'CCC+' From 'SD'
Portfolio Pulse from Benzinga Newsdesk
S&P has upgraded AMC Entertainment Holdings' credit rating from 'SD' to 'CCC+'.
June 05, 2024 | 4:50 pm
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S&P has upgraded AMC Entertainment Holdings' credit rating from 'SD' to 'CCC+'. This upgrade reflects an improvement in AMC's financial stability.
The upgrade from 'SD' (Selective Default) to 'CCC+' suggests that AMC has improved its financial position, which is likely to positively impact investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100