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S&P Rates Sony Group's Planned US Dollar Bonds A+

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S&P Global Ratings on Wednesday placed an A+ long-term issue credit rating on Sony Group's (TYO:6758) planned US dollar senior unsecured bonds.

The bonds have a similar rating to the Japanese electronics and entertainment company's long-term issuer credit rating, reflecting sufficiently low leverage that narrows the likelihood of notable disadvantage for some lenders, S&P said.

Funding from the bonds will widen the company's overseas investors and diversify its sources, the rating agency said.

The company's solid position in the entertainment industry, robust profitability amid a diversified business mix, and healthy cash flow ratios support its rating.

S&P views the company as slightly less competitive than major global peers in some entertainment areas.

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