Moody's changes Sony outlook to positive

Moody’s Investors Service said it changed the outlook for Sony Group Corp. to positive from stable and affirmed the A3 long-term issuer rating.

"The outlook change to positive reflects the ongoing improvement in Sony's profitability and cash flow from its shift towards businesses with stable, recurring earnings," said Roman Schorr, a Moody's vice president and senior analyst, in a press release.

"The positive outlook also incorporates our expectation that Sony's free cash flow will turn positive over the next 12-18 months," Schorr added.

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