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.

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