Sony is classed as Junk

2 min read
0

SonyLarge

Sony a company that for decades has lead the way in technology, innovation and profit has been having a hard time of late and today credit firm Fitch has officially downgraded Sony’s stock to Junk levels meaning that Sony will seriously struggle to raise more credit moving forward.

The new rating of BB- comes after Sony reported their 7th straight quarterly loss and according to Fitch Sony now lack much influence over the technology market mainly due to the crushing advances made by Apple and Samsung over the last few years.

All the rest of information is a bit beyond my financial knowledge but I know they rate countries with the same sort of rating so let’s see what countries Sony is now being compared to. Remember this isn’t an indication of the worth of the economy but rather the chance of that economy defaulting on its debt.. like Greece just did.

Or going into total collapse such as Zimbabwe a few years back.

Countries with a BB- Rating

  1. Angola
  2. Armenia
  3. Cyprus
  4. Gabon
  5. Lesotho
  6. Nigeria
  7. Serbia
  8. Sri Lanka

So here’s 10 million, you can invest it in any of those countries or Sony.. or just stick it in the bank and take your 4% interest. Which would you do if it was all the money you had?

Read  Days Gone has sharp dynamic environments, but its human danger is dull

The only bright spark in Sony’s current line up is the PlayStation brand which is currently being devalued with two failed PSP replacements in a row. Is the PlayStation 4 Sony’s last attempt at staying in the game?

Last Updated: November 23, 2012

Want more stuff like this?

Get the best stories straight into your inbox daily!

Don’t worry we don’t spam

Gavin Mannion

I for one welcome our future robotic overlords

Check Also

Jared Leto in talks to play Bloodshot in Sony’s planned Valiant franchise

If you want to have a winning franchise, you need to kick-start it with a great leading ac…