Fitch lowered the credit rating of the Sony and Panasonic to junk status

Credit agency Fitch, which is one of the largest in the world, has downgraded the credit rating of the Sony and Panasonic. As before, he was very low, but now it has been screened junk («trash"). The official reasons for this step for each of their own. In the case of the Sony main problem was the problem with the direction of home entertainment devices and mobile devices, though in the case of smartphones in recent years has improved its position. Deterioration in the credit rating was also because, traditionally important sector of TV cameras and now also declined. Panasonic is not as sharp as the Sony, whose status has been downgraded to BBB-minus to BB-minus, that is, for three item. For the company was reduced to BBB-minus to BB. The reason for the decline was an unsuccessful attempt to return the company to the European market of mobile technology, and the loss of competitiveness in the TV market and the loss of income from the operations. It should be noted that Fitch was the first major rating agency downgraded the ratings so these companies. For comparison, Standard & Poor's estimates the two companies at the BBB (the second lowest level), and Moody's at all stores at the lowest level of high category - Baa3.