Netflix Upgraded to BBB+ Credit Rating Due to Password Crackdown and Ad Tiers

The Wrap
By Kayla CobbAug 3, 2023, 12:26 pm137 pts
S&P Global Ratings, one of the Big Three credit rating agencies, has upgraded Netflix from BBB to BBB+. This shift comes about due to the streamer’s improved margins and strong cash flow, indicating that S&P believes Netflix’s outlook is stable. A major reason for this upgrade has to do with Netflix’s…

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