Moody's may lower Sony

Moody's Investors Service said it placed on review for possible downgrade the A1 ratings of Sony Corp. and its supported subsidiaries. The Prime-1 short-term rating of Sony Global Treasury Services plc is unaffected.

The rating action reflects Moody's concern whether Sony under its new mid-term business plan will be able to regain the strong profit and cash flow generation patterns seen in its past.

Sony announced its mid-term business plan on Sept. 22, including further restructuring measures. The company plans to achieve a 5% operating profit margin for the fiscal year to March 2008 on a consolidated basis.

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