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Sony falls 3.3 percent to two-month low, Moody's cuts debt rating to junk [January 28, 2014] TOKYO (Reuters) — Shares in Sony Corp <6758.T> shed 3.3 percent to a two-month low of 1,654 yen after Moody's Investors Service cut its debt rating on the Japanese consumer electronics company to junk status, citing challenges in its television and PC businesses. |
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Moody's cut its rating on Sony by one notch to
Ba1 from Baa3, depriving it of its investment grade status,
having put the rating on review for a downgrade on November 1.
The outlook is stable. Sony was the sixth-most traded stock on the main board. (Reporting by Dominic Lau; editing by Chang-Ran Kim) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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