Fitch cuts Sony's (SNE) and Panasonic's (PC) debt ratings to junk status, chopping Sony three...


Fitch cuts Sony's (SNE) and Panasonic's (PC) debt ratings to junk status, chopping Sony three notches to BB minus and Panasonic two notches to BB. It's not a big surprise given the troubles the firms are experiencing, although Sumitomo Mitsui's Masahi Oda reckons Fitch's move is too negative. "Both Sony and Panasonic are struggling to generate operating profits, but each is restructuring and I don't envision the current situation continuing," Oda says.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs