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Ouch: Sony’s Bond Rating Now One Step Above Junk Bonds

How the mighty have fallen. Credit rating agency Moody's has dropped their rating on long-term bonds issued by Sony to it's lowest investment grade, marking them just one notch above junk bonds. For the couple of you that might not be investment bankers out there, this means that the agency believes there is a very, very good chance that the Japanese tech giant is in real trouble and may not be able to pay off its long-term debt.

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