Tag Archives: fitch

Sony’s recent financials highlighted the poor performance of PS Vita and overall losses of 15.5 billion yen/$198 million. Today credit firm Fitch has cut the Japanese company’s credit rating due to its “loss of technology leadership in key products and the strong yen”, and issued a warning that aggressive restructuring would be needed to reverse its fortune. Get the report below.

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Following financials that showed its games business had returned to profit, Sony has been upgraded by credit firm Fitch to a long-term debt rating of A- from BBB+, the seventh of 22 ratings. Presumably ZZZZ means you’re living in a cardboard box. A stable outlook means you’re unlikely to see a reassessment of the rating any time soon.

“Fitch believes that Sony is regaining some of the strengths in the electronics business that the company was renowned for in the past,” said a Fitch spokesperson.