Moody’s Cuts Panasonic’s Credit Rating for the Third Time This Year – Now Near Junk

Panasonic Corp., once one of the most powerful electronics companies in the world, now finds that its credit rating has been lowered by Moody’s Investors Service to the lowest level still considered investment grade – only one step above junk.  … Continue reading

Moody’s Cuts Sony’s Credit Rating Again; Now Just One Notch Above ‘Junk’

The investment community remains unconvinced that new Sony Corp. CEO Kaz Harai is making meaningful headway in turning around the financial performance at the struggling tech manufacturer. And now Reuters is reporting out of Tokyo that credit rating agency Moody’s … Continue reading

Sharp, Struggling to Survive, Provides Banks with a New Plan; Ratchets Up Painful Cuts

Sharp Corp., once a high flying superstar of Japanese manufacturing might, finds itself engaged in a multi-front battle for survival as it seeks to replenish its depleted capital reserves. Recently, the company had announced that it was negotiating a partnership … Continue reading