Sony hit by poor earnings reports and downgrade threat

Credit default swaps spreads on five-year protection on Sony widened to mid-price 31bp today, out from 25bp last Friday, and 21bp before the earnings report was issued last Thursday. Moody’s Investor Services also announced yesterday that it has placed the Aa3 long-term unsecured senior debt rating of Sony under review for possible downgrade, reflecting concern that the company may take longer than expected to regain the strong profit and cashflow generation pattern seen before, said the rat

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: