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Subject: Sony's credit rating lowered
Replies: 7 Views: 627
red.star 9.11.12 - 07:29pm
Sony's credit rating lowered to one point above junk bond status http://www.zdnet.com/sony-rating-lowered-to-one-point-above-junk-status-by-investors-7000007163/ * +
red.star 9.11.12 - 07:29pm
Investor services firm Moody's has reclassified the ailing electronics firm to one point above junk status. Shrinking consumer demand for electronics has resulted in the Japanese firm's long-term debt rating being lowered one notch, according to Reuters. Moody's Investor Service now considers the firm applicable to the lowest investment grade level possible before hitting junk status. Once a company hits this grade, otherwise known as a BB rating or high-yield bond * +
red.star 9.11.12 - 07:30pm
any investment made is high-risk by default -- something which could impact the company's plans to restructure and recover. In October, the investment firm began downgrading Sony's status, believing the electronics maker's prospects, despite restructuring efforts, remained negative. * +
rpd.fire 9.11.12 - 07:46pm
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red.star 9.11.12 - 07:47pm
Poor Sony. It gets worse and worse for them 
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crail 9.11.12 - 07:51pm
fk sony. as long as we get games to play. * +
ire.mark 10.11.12 - 06:33am
its nice to know that you're ok lovelite * +
rpd.fire 10.11.12 - 06:54am
its j.s not lovelite 
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