Sony rating lowered to one point above junk status by investors

[Deleted_171835]

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.

"Without robust restructuring in the coming 12-18 months, Sony's non-financial services businesses will at best achieve roughly break even, and are also at risk of remaining unprofitable," the rating agency said in a recent report.

Sony's Q2, ending September 30, resulted in an operating profit of $388 million, in comparison to a $20 million loss in the same quarter within FY2011. The ailing electronics maker made a loss of $5.7 billion last year and $312 million in the first quarter.

http://www.zdnet.com/sony-rating-lowered-to-one-point-above-junk-status-by-investors-7000007163/

hmph

 

[Gahars]

Sony may be just above junk status, but I don't have high hopes for this thread.

Prove me wrong, GBAtemp.

 

[Guild McCommunist]

Ready your dicks gents, let the circlejerk begin!

EDIT: Preemptively putting this in Golden Threads since it's destined for non-greatness and I'll be checking frequently for good Shit GBAtemp Says fodder.

 

[.Darky]

It's over, Sony is finished.

 

[Hadrian]

*sees negative Sony thread*

I think: "This shit must have been posted by that dickbag douchebag soulx right? I hope it's not because that would mean he really has no life and needs to post Sony failures to make his life feel less of a pathetic mess than it actually is"

J/K right?

 

[Eerpow]

Sorry for bringing it up but I want to get this over with before someone gets emotionally scarred from all the thread spice...
D'aw man, why you soulx? Sure the story may be legit news and everything but what is this, you know the consequences, and why the USN of all places?!

Anyway I don't know what Sony should do at this point. Honestly I think they will have to close some of their divisions next year to cut down their losses, starting with TV's.

 

[chavosaur]

"Fuck you, everything you say is wrong and there is no hope for you"

Wheres the button?!?! ;O;

 

[DiscostewSM]

Heh, so Nintendo is doomed, but Nintendo hasn't reached this point. What does that make Sony?

 

[Valwin]

So it Begins

 

[Ikki]

Watch out, guys, they're coming.

 

[shakirmoledina]

lets try to make it work!

maybe sony is having some bad karma for what it has done in the past. there is always hope but they have to change their thinking. I have 2 examples in mind:
1.) Google: they said youtube and their homepage is not for earning money but pleasing the ppl. Once they do that, money will roll in from different sources.
2.) Toby: Weird but this guy does it bcz he likes it and in the process earns a hefty dough i believe

so sony, be more considerate and investors will definitely look up to you.

 

[KingVamp]

I still hoping for Nintendo to buy their gaming division...

 

[stinkoman]

Soulx:
Valwin + an English class.

 

[Issac]

I do believe that investors won't care about this BB grade, and go by the name and reputation instead. Sure it may not have gone so well for a while, but I'm sure sony will kick back soon enough. It's sony for fucks sake. they won't go under yet for a great while.

 

[DCG]

Excuse my french, but

FUCK MOODY'S!
Those bunch of speculators must have put a lot of money on the possibility of Sony going down :/
(not a true fanboy, don't own a console of them, but do have a tv)

(snip)
Yea, that was a bit of a odd comparison...

 

[VMM]

I still hoping for Nintendo to buy their gaming division...

Damn man! Don't even think about that!

Sony have been a real competitor for Nintendo and gaming corporations.
The more competitors, better for us.

I don't think Sony would ever sell their gaming division for Nintendo.

 

[Janthran]

I still hoping for Nintendo to buy their gaming division...

3DSP VITA


Nintendo is not going to buy anything from Sony

 

[Janthran]

Excuse my french, but
I can also say that the CEO of Moody's is embezzling a lot of the money of the investors.
But that's just a opinion :/

A statement like that is a serious claim and is definitely not an opinion.

 

[Hadrian]

I still hoping for Nintendo to buy their gaming division...

Nintendo doesn't need any part of their gaming division. They don't need any of their games either.

 

[Just Another Gamer]

I still hoping for Nintendo to buy their gaming division...

And kill it with shovelware? I would pass on that.