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Fitch Downgrades Sharp Six Levels to Junk on Survival Doubts

Sharp Corp. (6753), the world's worst- performing major stock, fell in Tokyo after forecasting a record $5.6 billion loss and saying there is "material doubt" about its ability to survive. The company's credit was downgraded to junk by Fitch Ratings.

Source: Bloomberg BusinessWeek

http://www.businessweek.com/news/2012-11-01/sharp-widens-full-year-loss-forecast-to-record-5-dot-6-billion#r=bloomberg

4 2012 | View: 475 | News / Review of Mass Media | Printint version
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