[Reuters] S&P cuts Sony rating, warns of further downgrade

Posted by: UGN Security

[Reuters] S&P cuts Sony rating, warns of further downgrade - 02/08/12 08:37 AM

TOKYO (Reuters) - Standard and Poor's cut its long-term debt rating on Sony Corp on Wednesday to BBB+, warning it may drop the consumer electronics giant a further notch within a year unless it shows it can achieve a significant turnaround in profitability.