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Sony downgraded to 'BBB+'; outlook negative

Reuters reporting on S&P's press release:
Standard & Poor's Ratings Services today lowered its long-term corporate credit and senior unsecured debt ratings on Sony Corp. to 'BBB+' from 'A-' and removed the ratings from CreditWatch, where we placed them Nov. 4, 2011. The outlook on the long-term corporate credit rating is negative.

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C_Menz2348d ago

Sad to see Sony starting to collapse. Always a company I liked and supported since they usually push technology forward and are innovative.