WolframAlpha is suggesting (judging by the plot given) that the limit is actually $-1$.
I would think the following manipulations would be okay to conclude that is the opposite. $$\lim_{x,y\to-\infty}\frac{\sqrt x\sqrt y}{\sqrt{xy}}=\lim_{x,y\to-\infty}\frac{\sqrt x\sqrt y}{\sqrt x\sqrt y}=\lim_{x,y\to-\infty}1=1$$ I usually trust WA's conclusions about things like this, so I'm fairly certain I'm missing something, obvious or otherwise.
If you insist that $\sqrt 1=1$ and $\sqrt {-1}=i$ then $\sqrt{xy}=\sqrt x\sqrt y$ does not always hold, for example when $x=y=-1$.