Research Update: Netflix Inc. 'B+' Rating Affirmed; Outlook Stable; Proposed Senior Unsecured Debt Rated 'B+' (Recovery Rating: '3') - S&P Global Ratings’ Credit Research

Research Update: Netflix Inc. 'B+' Rating Affirmed; Outlook Stable; Proposed Senior Unsecured Debt Rated 'B+' (Recovery Rating: '3')

Research Update: Netflix Inc. 'B+' Rating Affirmed; Outlook Stable; Proposed Senior Unsecured Debt Rated 'B+' (Recovery Rating: '3') - S&P Global Ratings’ Credit Research
Research Update: Netflix Inc. 'B+' Rating Affirmed; Outlook Stable; Proposed Senior Unsecured Debt Rated 'B+' (Recovery Rating: '3')
Published Oct 24, 2016
8 pages (2757 words) — Published Oct 24, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S.-based online video service provider Netflix Inc. is planning to issue $800 million senior unsecured notes We are affirming our ratings on Netflix, including the 'B+' corporate rating credit rating. We are also assigning our 'B+' issue-level and '3' recovery ratings to the company's proposed $800 million senior unsecured notes. The stable rating outlook reflects our expectation that Netflix will have strong subscriber growth rates, which is necessary to ensure access to capital market, and our assumption that Netflix will maintain about $800 million in available liquidity in the form of cash and cash equivalents. On Oct. 24, 2016, S&P Global Ratings Services affirmed its 'B+' corporate credit rating on Los Gatos, Calif.-based online video service provider Netflix Inc. The

  
Brief Excerpt:

...(Editor's Note: The original version of this report's Ratings Score Snapshot misstated the Financial Policy score. A corrected version follows.)...

  
Report Type:

Research Update

Issuer
GICS
Internet Retail (25502020)
Sector
Global Issuers
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Netflix Inc. 'B+' Rating Affirmed; Outlook Stable; Proposed Senior Unsecured Debt Rated 'B+' (Recovery Rating: '3')" Oct 24, 2016. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Netflix-Inc-B-Rating-Affirmed-Outlook-Stable-Proposed-Senior-Unsecured-Debt-Rated-B-Recovery-Rating-3-1841906>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Netflix Inc. 'B+' Rating Affirmed; Outlook Stable; Proposed Senior Unsecured Debt Rated 'B+' (Recovery Rating: '3') Oct 24, 2016. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Netflix-Inc-B-Rating-Affirmed-Outlook-Stable-Proposed-Senior-Unsecured-Debt-Rated-B-Recovery-Rating-3-1841906>
  
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