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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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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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