Sony's Credit Rating Falls to "Junk" - Game news at Chat Place

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Sony's Credit Rating Falls to "Junk"

Added: 27.01.2014 19:15 | 5 views | 0 comments

Moody's Investors Service has dropped Sony's rating to "junk" status, or from Baa3 to Ba1 which is one level below investment grade. While Standard & Poor rates Sony at two notches higher than junk, it matches the junk rating by Fitch. As a consequence, it will be more difficult for the company to borrow money.