Moody's could cut Netflix

Moody's Investors Service said it placed Netflix Inc.'s Ba2 corporate family rating, Ba1 probability of default rating and Ba2 (LGD 5- 72%) senior unsecured notes rating on review for downgrade.

Moody's said the review was prompted by the company's shift toward a potentially more risky business model combined with an increasingly competitive operating environment over the last 12 months.

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