Sony Corp has won a clean bill of health from Moody’s Investors Service Inc, which confirmed the double-A-3 senior unsecured debt ratings of Sony and its financially supported Sony Capital Corp and Sony Euro-Finance BV. The confirmation reflects the rating agency’s belief that Sony will improve its leadership position in the world consumer electronics market, and that leverage will be reduced over time by increased free cash flows from cost containment measures. The agency says however that it will continue to monitor closely any unexpected negative changes in Sony’s business prospects.
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