SONY set to JUNK status

[Kynes]

pezus said:

Kynes said:

pezus said:

Kynes said:

pezus said:
Not sure how well this reflects a company's prospects, but wasn't Iceland put in a "junk" group not so long ago? No surprise that I had to sell my house and be content with the igloo in the backyard

Iceland defaulted and didn't pay its debts on time. That's why it was considered junk, and that's why Sony is considered junk, because there is a high possibility of non paying its debts.

Iceland didn't pay because they didn't owe anything. It was just the UK trying to push the little country around with hilarious results.

That's not what the IMF thinks, or your own government. You know your banks are paying, right? Better late than never.

By "didn't owe anything" I meant didn't owe the extraordinary sums the UK were requesting. I remember the outrage in the media when the "offer(s)" from them were denied (more than once). We would have been screwed by accepting. Turns out being considered junk by the media is far better than actually paying something you don't owe.

http://www.grapevine.is/Home/ReadArticle/Half-Of-Icesave-Debt-Paid

It seems that the sum UK requested is being paid.