Moody's: Marquee unaffected

Moody's Investors Service said the proposed $450 million initial public offering of AMC Entertainment Holdings, Inc., the parent holding company of Marquee Holdings Inc., is unlikely to affect Marquee's B2 corporate family and probability of default ratings.

While the debt reduction that is planned from the IPO proceeds is credit-positive, the resulting pro forma improvement in financial risk evidenced by reduced leverage and stronger coverage metrics is assessed as being relatively modest, indicating that the overall credit profile remains substantially unchanged, the agency said.

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