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Sony and Panasonic ratings cut to the junk status level

The Fitch ratings agency has cut the ratings of the tech firms Sony and Panasonic to the level of junk status for the first time. Sony’s rating is dropped by three notches to BB-,while Panasonic’s by two notches to BB.

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Uncertainty about Sharp’s survival in the long run

The falling sales and a rising yen have pushed Japan’s Sharp to an edge. The company has issued a warning about its survival in the long, as its credit rating has been cut to a “junk” status. A “junk” status

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Panasonic projects USD 9.6bn loss

Faced with falling sales and reconstructing expenses, Panasonic has forecast a net loss of USD 9.6bn The firm has been trying to restructure its business and said costs relating to that were expected to be almost 11 times more than

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