What are Case Background Over the past decade, Netflix, Inc. (“Netflix”) has risen to be a household name through its leading position in the global video streaming market. Its market capitalization has grown significantly from US$12bn in 2011 to US$220bn today. However, Netflix’s increasing debt load has been concerning for investors. Despite the company’s success, Netflix has one of the lowest credit ratings within the S&P500. Case Question How did Netflix’s credit quality worsen as it has grown over time? your views about Netflix’s credit prospects moving forward? Please support your analysis both qualitatively and quantitatively in the report. You are encouraged to use relevant and charts. You are not required to perform the relative valuation. Please keep the case report within the Recommended structure:m 5 pages. Please use the below recommended structure as a base for your case report and expand if necessary. You may refer to past credit research reports on the NUS Investment Society website as a reference.