Moody's Rates New Netflix (NFLX) Unsecured Notes at 'B1'
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S&P Cuts Netflix (NFLX) to 'B+';Outlook Negative
February 2, 2015 9:30 AM ESTStandard & Poor's Ratings Services today lowered its corporate credit rating on Los Gatos, Calif.-based online video service provider Netflix Inc.(Nasdaq: NFLX) 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 to 'B+' from 'BB-'. The '3' recovery rating remains unchanged, indicating our expectation for meaningful recovery (at about the middle of the 50%-70% range) of principal for the noteholders in the event of a payment default.
We also assigned our... More
Netflix (NFLX) Announces $1B Senior Debt Offering
February 2, 2015 7:59 AM ESTNetflix (NASDAQ: NFLX) announced that it intends to offer, subject to market and other considerations, $1 billion aggregate principal amount of senior notes (the "Notes") through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the... More
