Moody's downgrades Sony's credit rating

Discussion in 'General TV Discussions Forum' started by Jota180, Feb 2, 2014.

  1. Jota180

    Jota180
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    Moody's has announced that it has downgraded the credit rating of Sony Corporation to "junk" status as a result of the "challenges" facing the company's TV and PC businesses.

    According to the credit ratings agency, the TV and PC arms of the Japanese electronics giant face stiff competition from rival manufacturers and rapid technological changes.

    Moody's cuts Sony's credit rating over TV business concerns | whathifi.com
     
  2. TyneBridges

    TyneBridges
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    That's rather disturbing. Sony has been one of my favourite companies, although it has made some terrible decisions lately (not least, having Java and Region Coding as parts of the Blu ray format). I would hate to see a company like that collapse.
     
  3. Jota180

    Jota180
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    They cut Panasonic's rating to one level above junk last year too. Some serious issues in Japanese electronic industry.
     
  4. Trollslayer

    Trollslayer
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    The operating costs are too high in Japan sadly.
     
  5. redaprilia

    redaprilia
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    But most of the stuff that we see with Jap names in Europe is also made in Europe . Its probably the currency exchange rates in the favour of Korea and China means that the makers can turn a good profit and still sell at keen prices .

    The Phone / Tablet makers also have a huge advantage over the 2 main Jap traditional makers !
     
  6. Cliff

    Cliff
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    In the news today that Sony are selling their Vaio computer division
     

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