Moody's Mulls Sony Rating Cut

BY KENNETH MAXWELL

TOKYO?In another sign of the potential downward spiral facing Japan's technology firms, Moody's Investors Service on Monday placed Sony Corp.'s long-term credit rating under review for a possible downgrade, citing the yen's strength, weak demand and "structural challenges" at the one-time king of consumer electronics.

In a statement released four days after Sony cut by a third its net profit forecast for the fiscal year through March, Moody's said it has put the Tokyo-based company's Baa1 long-term senior unsecured bond ...

BY KENNETH MAXWELL

TOKYO?In another sign of the potential downward spiral facing Japan's technology firms, Moody's Investors Service on Monday placed Sony Corp.'s long-term credit rating under review for a possible downgrade, citing the yen's strength, weak demand and "structural challenges" at the one-time king of consumer electronics.

In a statement released four days after Sony cut by a third its net profit forecast for the fiscal year through March, Moody's said it has put the Tokyo-based company's Baa1 long-term senior unsecured bond ...

Source: http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7011/~3/y5AfFK2vNfk/SB10000872396390443659204577572463412330358.html

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