The Strategist

Moody's upgrades Sony's rating



03/04/2022 - 13:36



International rating agency Moody's has upgraded the issuer rating of Japanese electronics manufacturer Sony to 'A3' from 'Baa1' with a stable outlook, the agency said in a statement.



Ian Muttoo
Ian Muttoo
"The upgrade reflects Sony's success in transforming its portfolio with businesses that have established regular, expected earnings," Moody's vice president Roman Schorr said in the release.

The upgrade also reflects the agency's view that Sony will maintain a strong financial balance sheet through its conservative policies, including disciplined capital allocation.

The stable outlook takes into account the agency's assumption that Sony will maintain stable profitability and strong credit metrics.

Sony Corporation is one of the world's largest consumer electronics corporations. The company was founded in Japan in 1946.

source: finance.yahoo.com




More
< >

Friday, September 23rd 2022 - 06:30 Tesla to recall 1.1 million cars due to window problems