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You are here: Home / Archives for Fitch Ratings

Fitch Ratings

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

S&P Cuts Sony’s Credit Rating to Just Above Junk, Issues Negative Outlook

February 9, 2012 by tjgreen82 Leave a Comment

SonyAtCES2-8-12<February 8, 2012> Credit rating agency Standard & Poor’s today cut the long-term debt rating on Sony Corporation to BBB+, just two notches above “junk” status, and further issued a negative outlook which suggests a potential further drop in the future. In a statement, S&P said that “the likelihood of a strong recovery in Sony’s earnings is low.” [Read more…] about S&P Cuts Sony’s Credit Rating to Just Above Junk, Issues Negative Outlook

Filed Under: Asian Connection, Brands, Economic Trends, Industry Trends, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Bloomberg, China, credit, earnings, Fitch Ratings, forecast, junk bond rating, Korea, Moody's Investors Services, Panasonic, ratings, S&P, Sony, Standard & Poors, unprofitable

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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