Netflix Inc. Corporate Credit Rating Lowered To 'BB-' On Expected Net Loss From International Expansion - S&P Global Ratings’ Credit Research

Netflix Inc. Corporate Credit Rating Lowered To 'BB-' On Expected Net Loss From International Expansion

Netflix Inc. Corporate Credit Rating Lowered To 'BB-' On Expected Net Loss From International Expansion - S&P Global Ratings’ Credit Research
Netflix Inc. Corporate Credit Rating Lowered To 'BB-' On Expected Net Loss From International Expansion
Published Nov 28, 2011
1162 words — Published Nov 28, 2011
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Abstract:

U.S. Internet video subscription provider Netflix now expects to have a net loss in 2012 due to new international services in the U.K. and Ireland. We are lowering our corporate credit rating on the company to 'BB-' from 'BB' with a stable outlook. Netflix's domestic net subscriber trends remain soft. The stable outlook is based on our expectation of subscriber growth in 2012. CHICAGO (Standard&Poor's) Nov. 28, 2011--Standard&Poor's Ratings Services said today that it lowered its rating on Los Gatos, Calif.-based Netflix Inc. to 'BB-' from 'BB'. The rating outlook is stable. At the same time, we lowered our issue-level rating on the company's debt by one notch in conjunction with the downgrade. The recovery rating

  
Brief Excerpt:

RESEARCH Netflix Inc. Corporate Credit Rating Lowered To '##-' On Expected Net Loss From International Expansion Publication date: 28-Nov-2011 Primary Credit Analyst: Andy Liu, Chicago (1) 312-233-7052; andy_liu@standardandpoors.com...

  
Report Type:

Ratings Action

Issuer
Netflix Inc.
GICS
Internet Retail (25502020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Netflix Inc. Corporate Credit Rating Lowered To 'BB-' On Expected Net Loss From International Expansion" Nov 28, 2011. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Netflix-Inc-Corporate-Credit-Rating-Lowered-To-BB-On-Expected-Net-Loss-From-International-Expansion-917372>
  
APA:
S&P Global Ratings’ Credit Research. (). Netflix Inc. Corporate Credit Rating Lowered To 'BB-' On Expected Net Loss From International Expansion Nov 28, 2011. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Netflix-Inc-Corporate-Credit-Rating-Lowered-To-BB-On-Expected-Net-Loss-From-International-Expansion-917372>
  
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