AMC stock falls 10% as rival Cineworld closes movie theaters

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On Friday, S&P Global Ratings lowered its issuer credit rating on AMC from CCC+ to CCC-, saying that the company's cash burn could accelerate as it reopens venues.

The ratings agency said that the company could run out of liquidity in the next six months unless it raises additional capital or movie attendance levels substantially improve.

 

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AMC bonds trading 14 cents on dollar and sec filings book value share... Start covid-19 closing economy revenues fell 18 million 2nd quarter and 129million 3rd quarter

cnbc In reference to Cineworld SUSPENDING business as usual can you NOT use the phrase 'Cineworld is closing all their movie theatres'. It implies they're 'out of business' which is completely different.

I’m one of the folks who goes in to buy popcorn without watching a movie lol. I miss it.

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