AMC Entertainment’s $125 million of B-rated subordinated...

AMC Entertainment’s $125 million of B-rated subordinated debt was put on Standard & Poor’s Creditwatch surveillance list with negative implications. The rating agency said the operating cash flow of the Kansas City, Mo.-based theater chain “remains barely sufficient to service the growing debt used for an ongoing aggressive expansion of its movie theaters.” The expansion strategy, added S&P;, has made AMC’s financial performance “increasingly dependent on a continuous supply of commercially successful motion pictures.”