Fitch revises Sony view to positive

Fitch Ratings said it revised the outlook on Sony Corp. to positive from stable.

The long-term foreign- and local- currency issuer default ratings were affirmed at BB.

Fitch said the outlook revision reflects its expectations of higher margins in Sony's non-financial businesses and deleveraging following restructuring and management's commitment to improve profitability. There is a high probability of a rating upgrade should leverage remain low and earnings stabilize further in key operating segments, the agency said.

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