Sony Japan credit rating slashed to ‘junk’ due to ‘loss of technology leadership’

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 […]

Fitch headlines

  • Fitch upgrades Sony to A-

    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 […]