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AMC Credit Upgrade Signals Recovery | Durham News
AMC Entertainment just got a major credit upgrade from S&P Global Ratings, moving from CCC-plus to B-minus with a stable outlook — a sign they’re less likely to default, thanks to improved performance, lower debt, and stronger cash flow. But a B-minus still means “junk” status, leaving them vulnerable in a downturn. The company’s rebounded at the box office, smashing records with $1.6 billion in Q2 revenue, record adjusted earnings, and $190M in free cash flow — yet still posted a net loss due to high fixed costs. While CEO Adam Aron celebrates outperformance, investors are watching closely…
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