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Forums - Sony - Moody's places Sony's credit rating on watch for possible downgrade.

http://www.businessweek.com/news/2012-08-06/sony-reviewed-for-possible-downgrade-by-moody-s-on-demand

Remember to keep things civil.



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It's sad, but this type of thread can't be kept civil.



Kynes said:
It's sad, but this type of thread can't be kept civil.

Yeah, i figure a mod getting the news out first might help matters and prevent people from going at each other full teeth bared.

That said, the move isn't unexpected i'd say considering everything in the Sony financial report and general global situation.



Aren't they at 7/10 already (10 being the worst rating you can have) ?!

Anyway, I read that this is for the 4.7 billion USD debt. So even 0.5% increased interest payments can make a not so good difference.

The possible lowered rating is logical, but unnecessary after the recent downgrade a couple of months ago. Is it even worse than 6 months ago? What did they expect to change?



Imagine not having GamePass on your console...

Baa1 is like a game review score of 90. Nothing to worry about.



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This is not good news for Sony.

I can't wait for someone to enter this thread and say that Bloomberg is anti-Sony.



Proud member of the SONIC SUPPORT SQUAD

Tag "Sorry man. Someone pissed in my Wheaties."

"There are like ten games a year that sell over a million units."  High Voltage CEO -  Eric Nofsinger

You should post the article in the OP instead of just a link.

I dont think further downgrading is really nessessary tbh, especially since they have been doing huge cutbacks to turn the company around recently.