The debt rating firm strongly hinted that it will upgrade Lionsgate’s B2 debt rating, which would mean that the company could pay lower interest rates on the cash it borrows: The $150+M domestic opening for The Hunger Games “will likely have strong implications for the success of the remaining three films in the franchise,” Moody’s Investors Service SVP Neil Begley says. “While we had strong performance expectations for the first film in the series, the actual performance materially exceeded those expectations, and positions the company well in the current review for upgrade.” Lionsgate bulls are stampeding today as its stock price hovers around 15.23, +4.8%, in mid-afternoon trading. If that holds, it would be slightly shy of the all-time high closing price of $15.68 hit last week.
By DAVID LIEBERMAN, Financial Editor | Monday March 26, 2012 @ 3:38pm EDTTags: Lionsgate, Moody's Investors Service, The Hunger Games
For all of Deadline's headlines, follow us @Deadline on Twitter.
This article was printed from http://www.deadline.com/2012/03/hunger-games-success-positions-lionsgate-for-debt-upgrade-moodys/