Screenvision Faces Gloomy Outlook on High Leverage, Industry Downturn
On November 4, 2020, S&P Global Ratings lowered its issuer credit rating on Screenvision, LLC to CCC+ from B. The ratings agency anticipates U.S. cinema attendance will not begin to recover until 2021, which is later than previously expected. Screenvision's revenue is directly tied to theater attendance because it is paid by advertisers based on…