Macquarie downgraded Sony from Outperform to Neutral
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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating of A (Excellent) of PMG Assurance Ltd. (PMG) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect PMG’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. The Long-Term ICR upgrade is a result of the rating enhancement provided to PMG by its ultimate parent, Sony Corporation (Sony) [NYSE: SNE]. PMG holds a strategic position as the captive insurance company f
6-K - SONY CORP (0000313838) (Filer)
6-K - SONY CORP (0000313838) (Filer)
6-K - SONY CORP (0000313838) (Filer)
SC 13G/A - SONY CORP (0000313838) (Subject)
Macquarie downgraded Sony from Outperform to Neutral