AMC Entertainment Expected to Run Out of Liquidity Within 6 Months
Despite AMC Entertainment Holdings (NYSE: AMC) opening over 80% of its movie theaters by mid-October, ratings agency S&P Global says the theater operator's financial condition is dire and it expects the chain to run out of money within six months.
That outlook could change if AMC is able to raise additional capital before then, but S&P doesn't see that as likely. It warned the risk of default is great as it lowered its rating on the theater operator to CCC- from CCC+.
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Source Fool.com
