Moody's has cut Sony's (SNE) debt rating to Baa3 from Baa2, leaving it just a notch above junk....

|About: Sony Corporation (SNE)|By:, SA News Editor
Moody's has cut Sony's (SNE) debt rating to Baa3 from Baa2, leaving it just a notch above junk. Not surprisingly, the ratings agency is worried about soft consumer electronics demand, and cautions Sony's non-financial services risk staying unprofitable without a major restructuring. Sony's FQ2 report was nothing to write home about.