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Moody's cuts Sony's credit rating to junk

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Published : 2014-01-27 17:01
Updated : 2014-01-27 17:02

  Moody's cut its credit rating on Sony to junk on Monday, saying the Japanese electronics giant had more work to do in repairing its battered balance sheet.

   The international ratings agency lowered its view of the company to Ba1 from Baa3, meaning its debt is now seen as below investment grade. (AFP)