Alternative flash content
You need to upgrade your Flash Player
Doha Events 2011
Quick Links
international newspapers
World's largest listing of newspapers on the web 
Quote of the day
Today is a day to remember the 270 people who lost their lives in what was an appalling terrorist act. Our thoughts should be with them and their families.
Standard & Poor’s downgrades Sharp Saturday, 04 February 2012 00:06
TOKYO: Standard & Poor’s yesterday downgraded the credit rating of Japanese electronics maker Sharp, which has announced an expected full-year net loss of $3.8bn.
The agency said it had lowered the company’s long-term corporate credit and senior unsecured debt ratings one notch to BBB+ from A-, while affirming the A-2 short term corporate credit rating.
It said the outlook on the long-term corporate credit rating was negative.
“We base this action on our view that steep price cuts for Sharp’s main products and the protracted strength of the yen have diminished the company’s earnings,” the agency said in a statement.
AFP
Add this page to your favorite Social Bookmarking websites
