S&P Global Ratings raised Sony Group Corp.’s credit rating to A+ with a stable outlook. The agency cited Sony’s strategic pivot toward its entertainment businesses as the primary driver for the upgrade. This shift is expected to generate strong and consistent earnings for the conglomerate.
The rating improvement comes as Sony defends against a $2.7 billion lawsuit in the United Kingdom. The litigation alleges monopolistic practices related to the company's PlayStation Store.
Capital International Investors also reported a substantial increase in its ownership stake in Sony.