S&P lowers Sony rating, warns of further cuts

Global Times Wednesday 8th February, 2012

Standard and Poor's cut its long-term debt rating on Sony Corp yesterday to BBB+, warning it may drop the consumer electronics giant a further notch within a year unless it shows it can achieve a significant turnaround in profitability.The rating action will put more pressure on incoming CEO Kazuo Hirai to move quickly to stem losses, particularly ...

Read more

Share this article:
  • Google
  • Twitter
  • Facebook
  • LinkedIn
  • Digg
Back to Herald Globe

Comments

  • No comments yet for this story

    • Have your say

    • CAPTCHA Image

    • By submitting your comment you agree to our terms and conditions

    Featured Story

    Serial killer faces trial in Moscow

    A Russian man is set to go on trial accused of killing at least eight women in a series of murders and rapes in various regions of the country, investigators ...

    Have Your Say

    Do you agree with U.S. President Barack Obama's support for gay marriage?

    View results

    On Facebook

    On the record

    I am very grateful to the assistance of the American Embassy and the promise of the Chinese government for protection of my rights as a citizen over the long term. I am very gratified to see the Chinese government has been dealing with the situation with restraint and calm.

    Chen Guangcheng

    The Chinese human rights activist was speaking after landing in the United States after his flight from Beijing.