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To: nigel bates who wrote (4295)11/28/2012 11:11:10 AM
From: Jurgis Bekepuris of 4530
 
OT rant about journalists.

Fitch cut Sony's rating by three notches to BB- and Panasonic's by two notches to BB. The rating means that it believes that both firms will default on their debt.
No, really? BB rating means that firm will default on the debt? And what does C-ratings mean then? Maybe they are reserved for journalists who have no clue, but end up at BBC? Is it so hard to read something to get at least a teeeny tiny bit of a clue about bond ratings. Nah, why would any crapjournalist do that.
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