AMC Stock Alert: Moody’s Sounds the Debt Alarm on AMC

InvestorPlace2023-04-20

Moody’s has downgraded the credit ratings of several companies to B3 negative or lower.AMC Entertainment’s (NYSE: AMC) rating falls within that bucket.AMC stock is up more than 25% year-to-date (YTD)....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Kchew
2023-04-21
Kchew
https://www.change.org/p/petition-to-opt-out-of-amc-s-proposed-class-settlement Apes go sign this
Kchew
2023-04-20
Kchew
Haha
Atomolecule
2023-04-20
Atomolecule
Try harder
Abundance Thankful
2023-04-20
Abundance Thankful
[What]

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2328755080?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-04-20 11:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2328755080","market":"us","top_or_hot":-1,"title":"AMC Stock Alert: Moody’s Sounds the Debt Alarm on AMC","media":"InvestorPlace","content":"<div>\n<p>Moody’s has downgraded the credit ratings of several companies to B3 negative or lower.AMC Entertainment’s (NYSE: AMC) rating falls within that bucket.AMC stock is up more than 25% year-to-date (YTD)....</p>\n\n<a href=\"https://investorplace.com/2023/04/amc-stock-alert-moodys-sounds-the-debt-alarm-on-amc/\">Source Link</a>\n\n</div>\n","source":"investorplace","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Stock Alert: Moody’s Sounds the Debt Alarm on AMC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Stock Alert: Moody’s Sounds the Debt Alarm on AMC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-20 11:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/04/amc-stock-alert-moodys-sounds-the-debt-alarm-on-amc/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Moody’s has downgraded the credit ratings of several companies to B3 negative or lower.AMC Entertainment’s (NYSE: AMC) rating falls within that bucket.AMC stock is up more than 25% year-to-date (YTD)....</p>\n\n<a href=\"https://investorplace.com/2023/04/amc-stock-alert-moodys-sounds-the-debt-alarm-on-amc/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APE","symbol_name":"AMC Entertainment Preferred","start_time":0,"source_url":"https://investorplace.com/2023/04/amc-stock-alert-moodys-sounds-the-debt-alarm-on-amc/","article_id":"2328755080","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2328755080","pubTimestamp":1681962035,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Moody’s has downgraded the credit ratings of several companies to B3 negative or lower.AMC Entertain","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"APE":"AMC Entertainment Preferred","AMC":"AMC院线"},"translate_title":"AMC股票警报：穆迪对AMC发出债务警报","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":1,"APE":1},"content_text":"Moody’s has downgraded the credit ratings of several companies to B3 negative or lower.AMC Entertainment’s (NYSE: AMC) rating falls within that bucket.AMC stock is up more than 25% year-to-date (YTD).AMC Entertainment (NYSE: AMC) stock is in full focus today following a report that credit rating and risk management firm Moody’s has downgraded the credit ratings of several companies. The number of companies with a rating of B3 negative of lower, which includes AMC stock, tallied in at 227. That signifies a rise of 4% compared to the fourth quarter and about a 33% increase compared to Q1 2022. It is also the “highest quarterly figure since August 2021” although still below the peak witnessed during the beginnings of the pandemic.A big factor contributing to the increased number of companies facing speculative credit ratings is the interest rate. With a higher rate, companies are finding it more difficult to borrow money at a reasonable cost.“The rise in interest rates materially increased the debt-service costs on some of these companies’ floating-rate debt, resulting in weaker interest coverage,” explained Moody’s analysts.Meanwhile, the pain doesn’t seem to be over. Moody’s forecasts that corporate defaults will increase to 5.6% during the upcoming year, up from the current level of 2.7%.AMC Stock Alert: Moody’s Sounds the Debt Alarm on AMCA credit rating of B3 or lower means that a company’s credit is extremely speculative and is classified as “junk.” In order to receive a non-junk rating, a company’s credit must be rated at least Baa3. However, the Baa3 rating is several steps above the B3 rating. A jump to Baa3 from B3 won’t happen overnight.Still, AMC has seemingly found a way to sidestep tightened lending conditions with its AMC Entertainment Preferred Equity Units (NYSE: APE). At its recent special meeting of stockholders, proposals to increase shares outstanding to 550 million and to enact a 1-for-10 AMC reverse stock split were approved. The approval of these proposals opens up the way to convert all outstanding APE into AMC.On the other hand, a major roadblock stands in the way of the reverse split. A class action filed against the company resulted in a court-enforced status quo order that would halt the implementation of the recently approved proposals. AMC reached a settlement with the class action filers to lift the order, although the court denied the motion. On April 27, a hearing will decide whether the order will still remain in place.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9944468201,"gmtCreate":1682033704003,"gmtModify":1682041711537,"author":{"id":"3576536364818691","authorId":"3576536364818691","name":"Kchew","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3576536364818691","idStr":"3576536364818691"},"htmlText":"https://www.change.org/p/petition-to-opt-out-of-amc-s-proposed-class-settlement Apes go sign this","listText":"https://www.change.org/p/petition-to-opt-out-of-amc-s-proposed-class-settlement Apes go sign this","text":"https://www.change.org/p/petition-to-opt-out-of-amc-s-proposed-class-settlement Apes go sign this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944468201","repostId":2328755080,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944410435,"gmtCreate":1682001279628,"gmtModify":1682001283463,"author":{"id":"3576536364818691","authorId":"3576536364818691","name":"Kchew","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3576536364818691","idStr":"3576536364818691"},"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944410435","repostId":2328755080,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944438949,"gmtCreate":1681998204081,"gmtModify":1681998208095,"author":{"id":"4092317658536590","authorId":"4092317658536590","name":"Atomolecule","avatar":"https://static.tigerbbs.com/31eab413db48c4d85be2ca31162c814d","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4092317658536590","idStr":"4092317658536590"},"htmlText":"Try harder","listText":"Try harder","text":"Try harder","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944438949","repostId":2328755080,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9944548479,"gmtCreate":1681963810992,"gmtModify":1681963814427,"author":{"id":"3572176137415007","authorId":"3572176137415007","name":"Abundance Thankful","avatar":"https://community-static.tradeup.com/news/3596d672dc89783cd009721d4bab5ddb","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3572176137415007","idStr":"3572176137415007"},"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944548479","repostId":2328755080,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":16,"commentSize":4,"repostSize":5,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2328755080"}