AMC is so broke it might not survive the pandemic

S&P Global downgraded the credit rating of AMC Theaters from a B to a CCC-. This means that the likelihood of AMC Theaters going under is quite on the horizon. AMC CEO Adam Aron and other executives are slashing their own salaries in order to help the company, but the longer the pandemic continues the harder it will be for AMC to recover. Sadly, the recently profitable AMC Stubs A List service won't be able to stop what could be coming.

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