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Ted Sarandos Reed Hastings Netflix pandemic 2020 shootings Ted Sarandos Reed Hastings Netflix

Netflix Gets Credit Rating Upgrade at S&P Global Amid Pandemic

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hollywoodreporter.com
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Netflix, led by co-CEOs Reed Hastings and Ted Sarandos, has received a credit rating upgrade from S&P Global Ratings. On Tuesday, the research firm raised its credit rating for the video streaming giant to BB, from BB-, with a stable outlook, as it pointed to increased subscriber growth and higher consumer usage as TV viewers sheltering during the pandemic increasingly embrace the streaming platform.

The result is S&P Global anticipating positive free operating cash flow this year as Netflix delays production expenditures amid location shooting shutdowns, and eventual lower debt loads and profitability. "The stable outlook reflects our expectation that Netflix will continue its solid global operating performance," with improved margins and.

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