Sony's credit rating lowered to one point above junk bond status

#1FierceJelloPosted 11/9/2012 11:05:17 AM
Pretty grim:

Sony rating lowered to one point above junk status by investors

Investor services firm Moody's has reclassified the ailing electronics firm to one point above junk status.

Shrinking consumer demand for electronics has resulted in the Japanese firm's long-term debt rating being lowered one notch, according to Reuters.

Moody's Investor Service now considers the firm applicable to the lowest investment grade level possible before hitting "junk status". Once a company hits this grade, otherwise known as a "BB" rating or "high-yield bond", any investment made is high-risk by default -- something which could impact the company's plans to restructure and recover.

In October, the investment firm began downgrading Sony's status, believing the electronics maker's prospects, despite restructuring efforts, remained negative.

http://www.zdnet.com/sony-rating-lowered-to-one-point-above-junk-status-by-investors-7000007163/
#2squatch22Posted 11/9/2012 11:05:53 AM
Ouch.
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SoE posted: I'm not a being a rabid fanboy of one console when I ruthlessly defend the Vita
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#3Manilo_PunishPosted 11/9/2012 11:06:14 AM
No one really looks at that. We good.
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The Punish.
#4nariusseldonPosted 11/9/2012 11:27:11 AM
Manilo_Punish posted...
No one really looks at that. We good.


Don't you think that impedes Sony's ability to raise capital and develop 1st party games for the vita? It is not like they have boat load of cash to fund vita games, is it?
#5monkeyspoonPosted 11/9/2012 11:32:04 AM
Lol a negative topic and 3 of the first 4 replies are from known trolls. Its so pathetic. Have they nothing else to do with their lives except linger on a forum for a system they don't own and troll it.
#6monkeyspoonPosted 11/9/2012 11:34:56 AM
Anyone else think that Fiercejello and Nariusseldon are the same person. They both post similar topics.
#7Manilo_PunishPosted 11/9/2012 11:38:37 AM
nariusseldon posted...
Manilo_Punish posted...
No one really looks at that. We good.


Don't you think that impedes Sony's ability to raise capital and develop 1st party games for the vita? It is not like they have boat load of cash to fund vita games, is it?


No, I do not. And they will always have cash. Just because they are in debt doesn't mean they won't make 1st party games and just because their credit rating gets lower one point doesn't mean they won't make 1st party games.

I reiterate: no one really looks at that. We good.
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The Punish.
#8iCeThEeCrEaToR7Posted 11/9/2012 11:42:27 AM
monkeyspoon posted...
Anyone else think that Fiercejello and Nariusseldon are the same person. They both post similar topics.


Maybe....But aren't you a troll to? monkiespoon??
#9Butt_SquidPosted 11/9/2012 11:42:35 AM
From: monkeyspoon | Posted: 11/9/2012 1:34:56 PM | #006
Anyone else think that Fiercejello and Nariusseldon are the same person.

No. Bad news or good news, news is news. Deal with it.
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Teuthida and Sphincters
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#10squatch22Posted 11/9/2012 11:42:57 AM
Manilo_Punish posted...
nariusseldon posted...
Manilo_Punish posted...
No one really looks at that. We good.


Don't you think that impedes Sony's ability to raise capital and develop 1st party games for the vita? It is not like they have boat load of cash to fund vita games, is it?


No, I do not. And they will always have cash. Just because they are in debt doesn't mean they won't make 1st party games and just because their credit rating gets lower one point doesn't mean they won't make 1st party games.

I reiterate: no one really looks at that. We good.


/facepalm
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SoE posted: I'm not a being a rabid fanboy of one console when I ruthlessly defend the Vita
http://www.jc-news.com/gfx/gaf/lol/nintendo_cycle.png