MUMBAI (Thomson Financial) - Moody's Investors Service changed its outlook
on Carmike Cinemas Inc's to negative from stable, saying that notwithstanding
improvement in some areas during the third quarter, Carmike continues to
under-perform relative to expectations.
The agency affirmed Carmike's 'B2' corporate family rating, 'B3' probability
of default rating and the 'B1' senior secured bank rating.
It said the 'B2' rating continues to reflect Carmike's high leverage,
sensitivity to product from movie studios and lack of scale, as well as a weak
industry growth profile.
TFN.newsdesk@thomson.com
ndi/jro
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