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Fitch Downgrades Debt Ratings of Sony, Panasonic

Posted November 22nd, 2012 at 8:15 am (UTC-5)
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Financial ratings agency Fitch has downgraded technology giants Sony and Panasonic, marking another blow to Japan’s embattled electronics sector. The downgrades mean the firms’ debt is no longer considered a safe investment. The two companies, along with rival Sharp, accumulated billions of dollars in lost revenue last year, leading them to announce massive corporate overhauls […]

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