Sony rating lowered to one point above junk status by investors

[CChaos]

RolStoppable said:

wfz said:

Poor Sony.. wasn't their credit status just recently lowered previously? I hope this downward spiral ends soon.

Since there is only step down left to go, the downward spiral is going to end soon, regardless of what happens.

Actually, there are quite a few steps left to go. BB is Junk  Status, but you can go well below Junk status as well. It just takes longer and longer to dig yourself out until eventually you hit C grade, which is basically a default. I believe Greece is sitting right around there.

As it stands, even WITH a turnaround, it will now take years for Sony to bounce back from this into higher credit standings.