UPDATE: McDonald's (MCD) Pares Earlier Gains; Sees Potential for Credit Downgrade Amid New Debt Plans
(Updated - November 10, 2015 2:23 PM EST)
McDonald's (NYSE: MCD) shares are active amid additional headlines from the company's Investor Meeting. After paring earlier gains, shares are now up around 0.5 percent.
UPDATE - The company said it doesn't rule out a one-notch credit rating downgrade due to its new debt plans, according to commentary at the company's Investor Meeting on Tuesday.
UPDATE 2 - McDonald's sees a floor of about $2 billion in proceeds from refranchising.
The company sees net opening of about 500 stores in 2016.
The company also said a "little" less than half of CapEx is for new stores and the rest is for store remodeling.
Shares of McDonald's are now up around 0.5 percent.
