S&P Downgrades AMC Entertainment To 'SD' On Transaction
Portfolio Pulse from Benzinga Newsdesk
S&P has downgraded AMC Entertainment to 'SD' following a recent transaction. This downgrade reflects concerns about the company's financial stability.
July 23, 2024 | 8:19 pm
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S&P has downgraded AMC Entertainment to 'SD' following a recent transaction, indicating concerns about the company's financial stability.
The downgrade to 'SD' (Selective Default) by S&P is a significant negative indicator for AMC's financial health. This rating suggests that the company has selectively defaulted on some of its obligations, which could lead to a loss of investor confidence and a decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100