AMC Just Got a Credit Upgrade. Being a Meme Stock Is Paying Off.

amc just got a credit upgrade being a meme stock is paying off

Sumary of AMC Just Got a Credit Upgrade. Being a Meme Stock Is Paying Off.:

  • Mandel Ngan/AFP/Getty Images Analysts at S&P Global Ratings say the company is less likely to default after it took advantage of the meme-stock rally to raise cash in equity markets..
  • The extra cash and a brightening outlook for box-office attendance may also help the company refinance expensive debt taken on during the pandemic at lower costs, the analysts said…

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