S&P Revises BB- Rating on Netflix (NFLX) to Negative; Cites Higher Debt Leverage
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S&P revises its BB- rating outlook on Netflix, Inc. (NASDAQ: NFLX) from Stable to Negative.
The firm cites an increase in debt leverage as well as negative discretionary cash flow in 2013 and potentially into 2014 as Netflix increases spending on original programming.
Netflix is up 3.4 percent on the session Tuesday.
The firm cites an increase in debt leverage as well as negative discretionary cash flow in 2013 and potentially into 2014 as Netflix increases spending on original programming.
Netflix is up 3.4 percent on the session Tuesday.
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