Sony Cut to Junk by Moody"s as Mobile Devices Lure Buyers

Sony Corp. (6758) had its credit rating cut
to junk by Moody’s Investors Service as Japan’s biggest
television maker struggles to capture consumer demand for
smartphones and tablet computers.
The rating was lowered to Ba1, one level below investment
grade, from Baa3 and the outlook is stable, Mo...
Sony Cut to Junk by Moody"s as Mobile Devices Lure Buyers