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AMC Just Got a Credit Upgrade. Being a Meme Stock Is Paying Off. – Barron’s

The movie-theater chain has raised plenty of cash this year—and that makes it less likely to default, S&P Ratings says.

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AMC Entertainment
just got a credit-rating upgradeand all because of the meme frenzy. 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 companys…

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