Sony credit rating lowered to junk by Moody's

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Source: Bloomberg
One of the main rating agencies Moody's decided to cut the credit rating of Sony Corp. to the Ba1 level, which is one level below the investment grade of Baa3. At the same time, the outlook remained stable. Moody's pointed on the problems in PC and TV units of the company, which still bring losses. Today, Sony Corp. shares dropped 2.95% to 1,711 yen during the trading session in Tokyo.
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