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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 […]

Tags: , , Posted in Economy

Moody’s Cuts Credit Rating of Five Dutch Banks

Posted June 15th, 2012 at 3:30 am (UTC-5)
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Moody’s Investor’s Service says it has cut the credit ratings of five Dutch banks and that the difficult conditions for banks in the Netherlands are likely to continue throughout the year and possibly longer. The ratings service said in a statement that the affected banks include ING and ABN AMRO, whose ratings were cut by […]

Tags: , , Posted in Economy, Europe