Reuters: Market News: Sony put on watch for downgrade by Japan rating agency R&I

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Sony put on watch for downgrade by Japan rating agency R&I Apr 10th 2012, 09:46 TOKYO, April 10 | Tue Apr 10, 2012 5:46am EDT TOKYO, April 10 (Reuters) - Japanese rating agency R&I put Sony Corp on watch for a ratings downgrade on Tuesday, citing concerns that the money losing electronics firm could take more time to improve revenue. R&I also said it cannot overlook the impact of the 300 billion yen ($3.69 billion) tax-related loss, announced by Sony in an earnings revision earlier in the day, would have on its debt-equity structure. R&I currently rates Sony at A+, its fifth-highest rating.

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