Research Update: Netflix Inc. Downgraded To 'B+' From 'BB-' On Proposed Senior Unsecured Debt Issuance; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: Netflix Inc. Downgraded To 'B+' From 'BB-' On Proposed Senior Unsecured Debt Issuance; Outlook Negative

Research Update: Netflix Inc. Downgraded To 'B+' From 'BB-' On Proposed Senior Unsecured Debt Issuance; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: Netflix Inc. Downgraded To 'B+' From 'BB-' On Proposed Senior Unsecured Debt Issuance; Outlook Negative
Published Feb 02, 2015
8 pages (2715 words) — Published Feb 02, 2015
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 $1 billion in senior unsecured notes. We are lowering our ratings on Netflix, including the corporate credit rating, to 'B+' from 'BB-'. We are also assigning our 'B+' issue-level and '3' recovery ratings to the proposed notes. The negative outlook reflects our expectation that Netflix will have very significant discretionary cash deficits and high debt leverage over the next three years. On Feb. 2, 2015, Standard&Poor's Ratings Services lowered its corporate credit rating on Los Gatos, Calif.-based online video service provider Netflix Inc. to 'B+' from 'BB-'. The outlook is negative. At the same time, we lowered our issue-level rating on the company's existing senior unsecured notes

  
Brief Excerpt:

...U.S.-based online video service provider Netflix Inc. is planning to issue $1 billion in senior unsecured notes....

  
Report Type:

Research Update

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. "Research Update: Netflix Inc. Downgraded To 'B+' From 'BB-' On Proposed Senior Unsecured Debt Issuance; Outlook Negative" Feb 02, 2015. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Netflix-Inc-Downgraded-To-B-From-BB-On-Proposed-Senior-Unsecured-Debt-Issuance-Outlook-Negative-1381884>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Netflix Inc. Downgraded To 'B+' From 'BB-' On Proposed Senior Unsecured Debt Issuance; Outlook Negative Feb 02, 2015. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Netflix-Inc-Downgraded-To-B-From-BB-On-Proposed-Senior-Unsecured-Debt-Issuance-Outlook-Negative-1381884>
  
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