Sony at greater risk than Panasonic in electronics downturn:

Home Forums Sony at greater risk than Panasonic in electronics downturn:

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    Anonymous

    Technology News

    File photo of Sony PlayStation 3 gaming console is seen on display at an electronics shop in TokyoTOKYO (Reuters) – Panasonic Corp has a better chance than rival Sony Corp of surviving Japan's consumer electronics slump because of its unglamorous but stable appliance business of washing machines and fridges, credit rating agency Fitch said Friday. Fitch cut Panasonic's rating by two notches to BB and Sony three notches to BB minus on Thursday, the first time one of the three major ratings agencies have put the creditworthiness of either company into junk-bond territory. Rival agencies Moody's and S&P rate both of Japan's consumer electronic giants at the same level, just above junk status. …


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