E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/9/2013 in the Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Moody's: Softbank notes Baa3

Moody's Japan K.K. said it assigned a provisional Baa3 rating to Softbank Corp.'s planned issuance of bonds totaling the equivalent of $2 billion and placed the rating under review for possible downgrade, where Softbank's Baa3 issuer rating was placed on Oct. 15.

The review was prompted by Softbank's announcement that it intends to acquire up to 70% of the shares of Sprint Nextel Corp. (B1/on review for upgrade) for up to $20.1 billion. In its ongoing review, Moody's is assessing the impact of the planned debt-financed acquisition on Softbank's financial fundamentals.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.