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Netflix, Inc. (NFLX) Message Board

  • dosnnappie dosnnappie Nov 29, 2011 2:45 PM Flag

    DOWNGRADE....OOOPS KINDA LATE

    CHICAGO (MarketWatch) -- Shares of video rental company Netflix Inc. /quotes/zigman/87598/quotes/nls/nflx NFLX -2.80% were down 5.3% Tuesday, erasing the previous session's gains, after Standard & Poor's Ratings Services late Monday cut its rating on the company's debt to BB- from BB. The outlook is stable. S&P cited its view "that escalating content commitments will lower profitability over the intermediate term, international expansion will have a greater impact on overall profitability, and a return of domestic subscriber growth could occur slightly later than we initially expected." Netflix said recently that it now expects to incur a loss for 2012 due to new international services in the U.K. and Ireland.>>>

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