Moody’s upgrades Sony

Moody’s Investors Service said it upgraded Sony Corp.'s issuer and senior unsecured rating to Baa2 from Baa3.

The outlook is stable.

At a same time, Moody's upgraded Sony Global Treasury Services plc's backed commercial paper rating to prime-2 from prime-3, which is guaranteed by Sony Corp.

"Sony has significantly improved the quality of its earnings over these last several quarters, and now has more visibility into future growth for its core games & networks and semiconductor segments," Masako Kuwahara, a Moody's vice president and senior analyst, said in a news release.

"The growth in its earnings should also provide the company with the financial flexibility to further reduce debt.”

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