More Reviews
REVIEWS Lumo Review
Adorable! Clever! And Dying!

Lethal Tactics Review
An inedible starter, followed by a delicious main course and then a tastee dessert.
More Previews
PREVIEWS Gears of War 4 Preview
"Yank and Shank" is strangely more satisfying than a chainsaw bayonet to the face.
Release Dates
NEW RELEASES Teenage Mutant Ninja Turtles: Mutants in Manhattan
Release date: Out Now

Guilty Gear Xrd -REVELATOR-
Release date: 06/07/16

Odin Sphere Leifthrasir
Release date: 06/07/16

Mighty No. 9
Release date: 06/21/16


LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP Ivory_Soul
Windows 10 Review for Dummies
By Ivory_Soul
Posted on 08/11/15
After all these years, and growing up with Windows 3.1, I have seen an entire evolution of computers and software. Touch screens and large resolutions were a pipe dream just 15 years ago. Now it's the norm. Going from a Packard Bell (yes, before HP) that couldn't run 3D Ultra Mini...

GAMING NEWS

Sony's Credit Rating Drops To 'BBB+'

Posted on Wednesday, February 8 @ 16:00:27 PST by


Standard & Poor's Ratings Service has lowered Sony's long-term corporate credit and senior unsecured debt ratings to 'BBB+' from 'A-'. (What? Can't fit in any more B's in there?)

The rating service's decision is based on its pessimistic outlook of Sony's possible recovery and improvement in their electronics sales, citing that Sony's TV business has been in the red since fiscal year 2004. They have even threatened a lower credit rating if they don't see a "meaningful sign of a recovery in Sony's earnings within six to 12 months".

Most concerning for them is Sony's aggressive expansion "despite strong competition, a massive erosion of prices, and its high cost structure compared with overseas competitors", particularly "Korean manufacturers and emerging Chinese companies".

Hopefully, Sony's US launch of the PS Vita this month will help steer the company's profits into the right direction, though S&P is primarily focused on the company's TV sales: "We may consider lowering the ratings on Sony if we see a likelihood of weak performance in the TV business leading to another net loss in fiscal 2012."
Tags:   Sony
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.




comments powered by Disqus

More On GameRevolution