Sony Issuer Default Ratings downgraded by Fitch

theflyonthewall.com

Fitch downgraded Sony's Long-Term Foreign- and Local-Currency Issuer Default Ratings to 'BB-' from 'BBB-' and maintained the Outlooks at Negative. Fitch expects Sony's recovery will be slow, given the company's loss of technology leadership, competition, and weak economic conditions.

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