Also Read: AMC Theatres Lost $561 Million During Second QuarterWhile digging itself out of default, AMC still has a negative credit outlook from S&P.
The credit rating firm expressed concern regarding AMC’s plans to begin reopening theaters later this month.“Considerable risk and uncertainty related to this timeline remains.
Studios may continue to delay films if the coronavirus pandemic does not show any signs of abating by the end of the month,” analysts wrote. “Furthermore, we expect a slow return of box office attendance once theaters are open due to consumers’ ongoing health and safety concerns.
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