Moody’s cuts Sony’s credit rating to junk (BBC)

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BBC reports that “Sony, has had its credit rating cut to junk status by ratings agency Moody’s.“. The current critical financial situation has little to do with the camera business. Their weak point is the TV and PC business. And:

The ratings agency said that while Sony had taken steps to cut costs and improve profitability, the benefits of those steps were emerging “slowly” and its key segments “seem unlikely to soon regain the robust profit levels seen historically”.

As usual with rating systems, take them with a grain of salt. Sony’s difficult situation is not a real news yet and I am pretty confident they will recover from that situation. Just to say that I am not worried at all :)

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