Fitch is poised to downgrade three of Japan's top electronic companies to junk status in the...

Fitch is poised to downgrade three of Japan's top electronic companies to junk status in the next year. The agency today cut its ratings for Sony (NYSE:SNE) and Panasonic (PC) by one notch to BBB- and kept both on negative outlook, while it also lowered the outlook on Sharp's (OTCPK:SHCAY) BBB- to negative.