Sony put on review for potential ratings downgrade by Moody's

theflyonthewall.com

Moody's has placed Sony Corporation's Baa3 long-term senior unsecured bond and issuer ratings on review for downgrade. The rating actions reflect the slow progress being made in improving overall profitability. Weak earnings across the majority of reporting units suggests the potential for a much longer period of restructuring and financial weakness than previously expected, Moody's added.

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