U.S. Internet subscription provider Netflix's domestic net subscriber base has declined as a result of a recent price hike and negative publicity. We are lowering our corporate credit rating on the company to 'BB' with a negative outlook, from 'BB+'. The negative rating outlook reflects our view that profitability will be pressured over the intermediate term because of investments for international expansion and rising content costs. CHICAGO (Standard&Poor's) Oct. 27, 2011--Standard&Poor's Ratings Services lowered its rating on Los Gatos, Calif.-based Netflix Inc. to 'BB' from 'BB+'. The rating outlook is negative. 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 ratings on
