SONY rating cut again by S&P. *Update: Moodys follow suit.

[wfz]

kowenicki said:

Viper1 said:

kowenicki said:
Seems a little harsh to me given that the currencies have moved a little bit back in the favour of Japanese exporters like Sony recently.

The Yen is expect to drop from 77 to 70 against the Dollar over the next year.

Yes, the strengthening of the Euro has been offset by a weakening of the dollar v Yen recently.  If it hit those levels you talk about then Japanese exporters would suffer massively.

Wouldn't a weaker Yen help exporting? I thought one of Nintendo and Sony's biggest issues was that the Yen was too strong and they were making less money overseas due to that.