Moody's: Sony's slow recovery a concern

Moody's Investors Service said the slow pace of recovery in Sony Corp.'s profitability after the March 11 earthquake could be an issue for its A3 rating and stable outlook.

The agency said it has concerns that the company's two core businesses, TV and games segments, are under pressure due to supply-chain disruptions after the quake and security breaches following cyber attacks in April.

The supply-chain disruption shows signs of easing, Moody's said, but intense competition, sharp price declines and a strong yen will continue to weigh on the TV business.

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