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Moody's could cut Sony
Moody's Investors Service said it placed Sony Corp.'s Baa1 long-term senior unsecured bond and issuer ratings and the Prime-2 short-term ratings of Sony and its supported subsidiary, Sony Global Treasury Services Plc., on review for downgrade.
Moody's said the actions reflect its concern that weak consumer sentiment, especially in Europe and China, and a strong yen versus the euro may hinder the timely recovery of Sony's earnings and leverage.
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