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Netflix Is Moving Closer to Investment-Grade Status

  • Moody’s may upgrade company, or Fitch may initiate coverage
  • A second high-grade rating would move Netflix into IG index

Netflix Inc. is edging closer to investment-grade status, according to Bloomberg Intelligence, amid a wave of credit upgrades in the past year.

The streaming video company may see an upgrade from junk status by Moody’s Investors Service, which would be the second grader to take the company to investment grade, according to credit analysts Stephen Flynn and Suborna Panja. The pandemic has boosted Netflix’s profit as homebound people have spent more time watching streaming video services.