“Japanese tech mega-corporations, including Panasonic and Sony, aren’t doing too well. After Sharp posted its most recent loss, its financial rating fell to junk status, and the company is now seeking a government bailout. Panasonic was also hit with a near-junk rating by Fitch earlier this month, after it posted a loss 30 times larger than analysts had estimated. Now, Sony—the biggest of Japan’s big dogs—can’t escape the bad news either. On Friday, Moody’s downgraded Sony’s long-term debt rating from Baa2 to Baa3, one notch above junk status.”
http://arstechnica.com/business/2012/11/sonys-financial-rating-falls-to-just-above-junk/
Related posts:
Are Government Schools a Form of Child Abuse?
U.S. Currently Fighting 74 Different Wars … That It Will Publicly Admit
Will the Internet Complicate the Evolution of the Marijuana Industry?
10 Shocking Examples of Police Killing Innocent People in the "War on Drugs"
Vitalik Buterin: Bitcoin Is A Transition Technology
Max Keiser's Marshmallow Gun of Truth: Think Tank
Amateur fetish porn is jumping into the Bitcoin game
Exposing the Absurdity of Washington’s Anti-Sequester Hysteria
New tax to fund Obamacare could leave American expats in Canada owing Uncle Sam
Dominica Will Be First Nation with Universal Bitcoin Possession
Liberty Empowered Coverage of No War in Syria Rally: Tulsa
Pensions in Ukraine to be halved: sequestration draft
Iowa Troopers Steal $100,000 in Poker Winnings From Two Drivers
TSA Creates New Watchlist Of Those Who Failed Pre-Check Applications
Greece will need third bailout, German minister says