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You are here: Home / Archives for Bank of America Merrill Lynch

Bank of America Merrill Lynch

It’s Official, Moody’s Says Sony is ‘Junk’

January 28, 2014 by Ted Leave a Comment

Sony logo on screen at CES press presentationIn a move that has been highly anticipated or, depending on your point of view, highly dreaded,  Moody’s Investors Service cut its credit rating on Sony Corp. by one notch, dropping it below investment grade – taking it to “junk” status, in industry parlance. The downgrade was made on Monday and it is significant in that it symbolizes the continuing struggles of the company as it to tries to improve its fortunes – so far with mixed results.

See more on this huge announcement sure to be the bane of Sony management… [Read more…] about It’s Official, Moody’s Says Sony is ‘Junk’

Filed Under: Asian Connection, Financial, Manufacturers, News, Strategy Tagged With: Bank of America Merrill Lynch, Fitch Ratings, Kaz Hirai, Moody's Investors Services, Sony

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A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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