Fitch Ratings has dealt a blow to two of Japan's most famous brands: Sony and Panasonic. Now their credit ratings have been downgraded to junk. Fitch says they are both facing 'weakness in their business'.
惠誉最近的评级着实是对索尼和松下这两大日本最著名品牌的沉重一击yuTlIMwP5~9。现在他们的信用评级已降至垃圾级5_7,%4QeA=l4w0H9!@Vx。惠誉称两家公司的经营都处于乏力期V#wd3~CxY^ez&u。

First to Sony. And take a look at its share price. Since March of this year, it's fallen 52%. Just look at the slide right here. Now in its last fiscal year, Sony lost 5.7 billion dollars and that is a record. Fitch released this statement to explain its decision earlier today saying that meaningful recovery will be slow, given the company's loss of technology leadership in key products, high competition, weak economic conditions in developed markets as well as the strong yen.
首先看看索尼，看看它的股票价格,1Qmt|Ilh^@KScT(。自从今年3月，股价已刻跌了52%(&IACi*XbF^B&。让我们看看这张幻灯片PK6w,~QIp@Tzs。2011财政年度，索尼损失额高达创纪录的57亿美元J3RN=!3Qzz7p。惠誉公开了这一财政报表，以解释今早做出的决定H18m2[Y|;wLw。同时，索尼公司已失去了在几款关键产品上的技术优势，加上成熟市场中的激烈竞争和疲软的经济条件，以及日益走强的日元，惠誉并认为索尼公司实质性的经济恢复进程将较为缓慢Fu0y@XZ!.6qX。

Now it's a similar picture for Panasonic. Since March, the company's share price has fallen by about 46%. And in its last fiscal year, Panasonic lost a record 9.7 billion dollars. Today Fitch said Panasonic isn't competitive in its core businesses, especially in its television and flat panel divisions, a once silver lining though. Fitch did say the company is on the right track in restructuring. The downgrades came, though, after the Tokyo Stock Exchange closed. We will see how investors react on Friday.
现在来谈谈松下所呈现的相似情景ujSGvPBtXnw5KTKde。自从今年3月，股价已刻跌了近46%fgc*[!QkN0fR.3U。2011财政年度，松下损失额高达创纪录的9.7亿美元]G7b|3a@-[4HIzn#~#i(。今天惠誉评论松下在其核心业务上，特别是电视及曾一度光耀夺目的平板电视业务，目前不具有竞争力Y1u^oz).)7。惠誉认为松下公司公司正在走结构重组的正确道路YDA+_XCD~d59y_8。然而，在东京证券交易关闭后，其衰退还是不可避免)UKzCQegy^9。周末我们将看到投资者如何做出反应sXuLB(ztpQt*。