Sharp shares fall after S&P cuts rating to ``junk''
Sharp shares fall after S&P cuts rating to ``junk'' TOKYO - Shares of Sharp Corp shed 4.6 percent to 189 yen on Monday after credit ratings agency Standard & Poor's cut its debt rating to 'junk' after the market close on Friday and kept the TV maker on negative watch for a possible further downgrade.
Standard & Poor's cut its rating on American Express Co by one notch on Friday due to increasing financial pressure on consumer lenders, the rating company said.