Skip to comments.Sony’s Credit Rating Cut To “Junk” By Moody’s
Posted on 01/27/2014 4:12:10 PM PST by aimhigh
Bond credit rating agency Moodys cut the credit rating of Sony from Baa3 to Ba1 with a stable outlook Ba1 is also just below investment grade. In other words, Sony is considered a speculative investment right now and it will become harder for the company to borrow money.
Todays downgrade comes from its volatile net profit. Despite many staff cuts, some divisions, such as its PC and TV activities, are still losing money or are barely in the black. Increased competition in these areas are to blame.
(Excerpt) Read more at techcrunch.com ...
Sony was once on top of the world....now, it is ready to go the way of so many other brands.
Is that Bernadette Peters?
I used to love Sony products. Now, most of them are junk.
Typical executive management blunder, “We’re making money so what’s the problem?”
I really like their cameras. In fact I bought one with 50X zoom and a digital Doubler.
They should redesign that one as a Electronic Monocular with picture capability. It would be a major hit with sportsmen and bird watchers.
Looks like a very young Meryl Streep to me.
Back in the early 70s I had a Sony 3 head reel to reel. Real state of the art stuff.
Same here. I have a couple of used Trinitron monitors here I bought for nothing practically on Ebay that are tied in with the cameras.
Sony became the rootkit of all kinds of evil.
Sometimes you mess up until there are no more “do overs.”
I caught a ton of program feeds on Sony 1100 1-Inch VTRs and they were rock solid reliable.
Most of their stuff is stamped Made in China.
In the early 1960’s I had a small Sony transistor radio, neatly fit in my pocket and was about 2 inches by 2 inches square. Wonderful sound. All the other makers were selling big box radios that were luggables. Loved that Sony radio, until a friend threw it out the car window because he hated the song that was playing (I had crazy friends).
..................Most of their stuff is stamped Made in China. ...................
And your point is????
Most electronics are not sourced in their “home country” but rely on producers in Indonesia, Vietnam, China, Taiwan, So Korea, Mexico, where-ever a multi-national decides to produce product at the least expensive cost.
Stamped “in China” probably means that all the components from southeast Asia are assembled in China, and branded by a Japanese company.
How much of Apple’s product line do you believe was “produced” in the US???
I wonder if Michael Jackson stuck them for enough to make it hurt bad enough to be reduced to a junk rating?
My point is that Japanese companies and consumers around the world were better off when Japan made things in Japan.
When Japan and the USA decided to move their manufacturing to Red China both of our economies went into the crapper.
Free Traitors and their outsourcing have ruined both countries. There will be retribution.
America really, really needs to bring back American production.
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