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Archive Home > 2012 > November > 23 > Sony, Panasonic credit ratings cut

Sony, Panasonic credit ratings cut


November 23, 2012

Sony and Panasonic, the Japanese electronics makers reeling from record losses, had their credit ratings cut to junk for the first time by Fitch Ratings amid slumping demand for their televisions.

Sony’s rating was cut by three levels to BB-, three steps below investment grade, and....

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