S&P changes Sony to positive

S&P said it revised the outlook on the long-term corporate credit rating on Sony Corp. to positive from stable and affirmed the long-term corporate credit and issue ratings on the company at BBB and the short-term corporate credit rating at A-2.

At the same time, the agency revised the outlook on the long-term corporate rating on Sony Global Treasury Services plc to positive from stable and affirmed all the long- and short-term ratings.

“The outlook revision reflects our view that Sony's profitability has shown increased resilience to down cycles in economic activity, underpinned by past business restructuring,” S&P said in a news release.

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