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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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Sony reports record loss amid disasters and strong yen

Japanese electronics maker Sony has reported a record annual loss as natural disasters last year and a strong yen hurt its earnings. The firm reported a net loss of 456.7bn yen ($5.7bn; £3.5bn) for the year to the end of

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