, Columnist
Moody's Says `Game On' to Sony
The CEO's focus on software and services has been vindicated. He needs to keep that momentum going.
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An upgrade to Sony Corp.'s credit rating highlights the company's gradual move away from a hardware-focused business toward software and services.
Late on Tuesday, Moody's Japan K.K. returned the Japanese company's investment grade after a gap of almost three years, noting that the move to Baa3 shows Sony's financial profile "has been dramatically repaired following the extensive decline of the past several years." In its note explaining the upgrade, senior analyst Masako Kuwahara made clear where Moody's thinks Sony's future lies: