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Forums - Sony - Sony downgraded to BBB- by Fitch

arcane_chaos on 15 December 2011
leatherhat said:
I read the title as "sony downgraded to BBBitch"


LOL!!! same here!!!

OT: Tough break for Sony, 2010 has not been a good year altogether...but don't worry Sony, just think of America...we suck financialy but still kick ass!!! :p

what's the credit rating for MS and Nintendo?



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Acevil on 15 December 2011
arcane_chaos said:
leatherhat said:
I read the title as "sony downgraded to BBBitch"


LOL!!! same here!!!

OT: Tough break for Sony, 2010 has not been a good year altogether...but don't worry Sony, just think of America...we suck financialy but still kick ass!!! :p

what's the credit rating for MS and Nintendo?

I assume both will be in high standing A) Nintendo has a lot of reserves B) Microsoft is fucken Microsoft (Also has good amount of reserves). 

(For a company I think that means AA+) - High quality – Differs from highest rating only in degree of protection offered to bondholders.



 

Acevil on 15 December 2011
kowenicki said:
arcane_chaos said:
leatherhat said:
I read the title as "sony downgraded to BBBitch"


LOL!!! same here!!!

OT: Tough break for Sony, 2010 has not been a good year altogether...but don't worry Sony, just think of America...we suck financialy but still kick ass!!! :p

what's the credit rating for MS and Nintendo?

Microsoft still hold the AAA rating.

not sure on Ninty.


Sure about Microsoft being triple A? Hmm guess I need to learn ratings again. Also nothing seems to be coming up on Nintendo, wonder if they even access loans. 



 

Millenium on 15 December 2011

Microsoft has ~52B in cash reserves and most if not all divisions are profitable, they're likely still AAA rating.

Sony needs to cut of it's tv division, it's pc division (maybe) and it's movie publishing business, all are doing pretty bad last time I checked.



Acevil on 15 December 2011
kowenicki said:
Acevil said:
kowenicki said:
arcane_chaos said:
leatherhat said:
I read the title as "sony downgraded to BBBitch"


LOL!!! same here!!!

OT: Tough break for Sony, 2010 has not been a good year altogether...but don't worry Sony, just think of America...we suck financialy but still kick ass!!! :p

what's the credit rating for MS and Nintendo?

Microsoft still hold the AAA rating.

not sure on Ninty.


Sure about Microsoft being triple A? Hmm guess I need to learn ratings again. Also nothing seems to be coming up on Nintendo, wonder if they even access loans. 

Microsoft has higher credit rating than U.S. government

By Zack Whittaker | August 6, 2011, 5:07pm PDT

Summary: Microsoft now has a higher credit rating than the U.S. government, since its downgrading late last week.

For the first time in its history, the United States last week lost its AAA credit rating from Standard and Poor, an internationally recognised credit rating organisation.

The U.S. government’s ability to handle the recent threat to default is one of many reasons why thecredit agency lowered its rating to AA+, putting the United States below the United Kingdom, Germany, France and sixteen other countries.

Yet, Microsoft is one of four U.S. based companies which still holds onto its AAA rating, with the exception of some financial and government institutions, despite the government’s lack of ability in holding onto its own.

In 2008, Standard and Poor gave Microsoft the highest status for credit rating, beating other high profile companies like Apple, Google and Amazon.

On the other hand, last week it was revealed that Apple — the company behind the Mac and the world famous iPod line — had more cash and marketable securities in reserve than the U.S. government, as the debt crisis escalated.

Apple was said to have had $76.4 billion, while at the time, the U.S. government had just shy of that, with an operating cash balance of $73.7 billion.

Apple’s reserves would have been “enough to buy Goldman Sachs or Facebook”, hypothesised The Atlantic.

For now, though Standard and Poor has downgraded the U.S.’ credit rating, two other credit rating agencies still classify the economy in AAA status — at least, for now.

The U.S. House of Representatives and Senate eventually passed the new laws, allowing the government to raise the debt ceiling to pay its bills on time.

Other companies still with AAA rating include Exxon Mobile, Johnson & Johnson, and Automatic Data Processing.

 


I meant Fitch's rating of microsoft. Still very strong company. (I just found that same article but it focuses on S&P.



 

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Kynes on 15 December 2011

Microsoft should be AAA, they have huge cash reserves. Ninty too.



Kynes on 15 December 2011
kowenicki said:
...


Found it... Fitch has MS at AA+


If MS doesn't deserve AAA, I don't know who deserves it.



Acevil on 15 December 2011
kowenicki said:
Acevil said:

I meant Fitch's rating of microsoft. Still very strong company. (I just found that same article but it focuses on S&P.


Found it... Fitch has MS at AA+


Ya, because I think the protection part of Fitch rating of AAA is something that only strong nations do. 



 

Millenium on 15 December 2011
kowenicki said:
MS ratings:

Fitch AA+
S&P AAA
Moodys AAA



Seems odd Fitch has them less than AAA, or different system?

Anyways, someone post a picture of Bill smiling XD



DirtyP2002 on 15 December 2011
chocoloco said:
DirtyP2002 said:

Sony is a mess. Well actually it is a company with huge potential, but the way it is managed is not good. To me it seems that they don't have a vision at all.

I know people will be mad about this, but the PS3 is a perfect example for this. They do have a strong hardware and a really big brand, but they ruined it in 2 years and are building it up again. MS made it absoultely clear that they want the Xbox 360 to be the center of you living room and with the latest update, with Bing, Netflix, Youtube, MSN, Facebook, ESPN, Twitter, Last.Fm, LoveFilm, Hulu, Zune etc etc they are in a very good position to achieve this.

Sony on the other hand has a machine that can do the same thing, but they are miles behind in this segment. Sure they have their apps and can do the same thing, but overall it is just a not so good experience like "Xbox, youtube!". The Move was an attempt to get casuals, but it was a failure more or less. The point is that Sony has more entertainment in their portfolio than MS, but they are not using it. Heck they do have a big record-label and a movie studio but are not using it in any special way. Look how easy MS made the PC --> WindowsPhone 7 --> Xbox --> Windows Live Messenger products be connected. Sony failed to do so in the past years. PSP, TVs, PS3, VAIO, Sony cell phones could be easily used as a powerhouse and to deliver an overall complete experience.

Look at Apple and the iPad, iPod and iPhone products. Through the cloud it is just perfect for the user. Sony should do something like this as well.

I don't get how a software company, basically new to the entertainment industry gets more content than an entertainment company just with some easy partnerships with content providers.


I wish you would go back to not posting because unless you own a 360, PS3 and a wii your opinion is overly biased. Especially about the ludicrous idea that the 360 has so many more great services than the PS3, more like it is a place to go to get advertisements shoved down your throat. But dont get me wrong it does have good services, a few more arcade games and some good exclusives, but quite frankly it is in no way superior to what Sony offers. They are relitively equal. 


why so sensitive?

XBL is superior to PSN in almost every aspect, I am so tired to argue about it. Yeah, I used both, Yeah I played on steam and battle.net, Heck I even played SegaNet. XBL is by far the best overall service. And the way MS is pushing these apps and using the Xbox 360 as a media center for the living room is unmatched. I don't know why Sony does not something similar. As I said, there is huge potential in PS3 , PS Vita, Vaio, Cellphones, Smart TVs etc. They just need to use it in a better way.

You know, earning achievements on Windows phone 7, cloud storage, Chat with Kinect with somebody on a PC using Windows Live Messenger, call someone from the Xbox 360 using skype, watch Zune movies on the PC, Xbox or the phone, share your photos on all 3 screens is easily possible and happening every day. The UI is soooo easy to use and Kinect makes it even easier. Sony is far behind in all these categories. This is no trolling, this is basically a fact.



Imagine not having GamePass on your console...