Sharp shares fall after S&P cuts rating to "junk"

TOKYO Mon Sep 3, 2012 5:40am IST



TOKYO (Reuters) - Shares of Sharp Corp (6753.T) 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.

(Reporting by Dominic Lau; Editing by Chang-Ran Kim)