SONY set to JUNK status

[joeorc]

Actually.  Yes.   If you knew anything about world policies you'd know that Italy is in fact corrupt... and the rating agencies are not.

These charges are just retaliation for Italy's financial problems and the credit ratings drops on there country.  Which were deserved and looong overdue.  It's a political show for the Italian people.   Just about anyone who pays attention to financial news could tell you this.

Credit Agencies are usually cautious by nature because the last thing you want to do is drop a company's status and it end up fine.

Also... how much Sony has to pay to get a lone... has a lot to dowith cash on hand... espiecally going foward.  Since more interst means less cash on hand.

A breakthrough came three weeks ago when an Australian court ruled that S&P misled 12 councils in Australia by awarded a AAA rating to derivatives products created by ABN Amro which imploded less than two years after they were sold.

"that Italy is in fact corrupt... and the rating agencies are not."

really?