The corporate bond market was quiet as a mouse yesterday, with the only action coming from the rating agencies. Secondary trading was slight, leaving both investment grade and below-investment grade bonds unchanged.

Moody's Investors Service reaffirmed its credit ratings on $4.2 billion of dollar-denominated debt issued by Sony Corp. and its subsidiaries. Sony's senior unsecured debt will continue to carry an Aa3 rating from Moody's.

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