Netflix Inc.'s $400 Million Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '3') - S&P Global Ratings’ Credit Research

Netflix Inc.'s $400 Million Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '3')

Netflix Inc.'s $400 Million Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '3') - S&P Global Ratings’ Credit Research
Netflix Inc.'s $400 Million Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '3')
Published Feb 04, 2014
1354 words — Published Feb 04, 2014
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About This Report

  
Abstract:

Standard&Poor's Ratings Services is assigning its 'BB-' issue level rating to Netflix Inc.'s proposed $400 million senior unsecured notes due 2024. The recovery rating on the proposed notes is '3', indicating our expectation for meaningful (50% to 70%) recovery for debtholders in the event of a payment default. We are affirming the 'BB-' corporate credit rating on Netflix. The stable outlook reflects a trend of good subscriber growth, which will enable Netflix to continue its pace of original programming investment and enter new markets. CHICAGO (Standard&Poor's) Feb. 4, 2014--Standard&Poor's Ratings Services today assigned its 'BB-' issue level rating and '3' recovery rating to Los Gatos, Calif.-based Netflix Inc.'s proposed $400 million senior unsecured notes

  
Brief Excerpt:

RESEARCH Netflix Inc.'s $400 Million Senior Unsecured Notes Rated '##-' (Recovery Rating: '3') Publication date: 04-Feb-2014 Primary Credit Analyst: Andy Liu, CFA, Chicago (1) 312-233-7052; andy.liu@standardandpoors.com Secondary...

  
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.'s $400 Million Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '3')" Feb 04, 2014. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Netflix-Inc-s-400-Million-Senior-Unsecured-Notes-Rated-BB-Recovery-Rating-3-1254446>
  
APA:
S&P Global Ratings’ Credit Research. (). Netflix Inc.'s $400 Million Senior Unsecured Notes Rated 'BB-' (Recovery Rating: '3') Feb 04, 2014. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Netflix-Inc-s-400-Million-Senior-Unsecured-Notes-Rated-BB-Recovery-Rating-3-1254446>
  
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