S&P affirms eAccess after Yahoo Japan cancels deal

Standard & Poor's said it affirmed the BB long-term corporate credit and debt ratings on eAccess Ltd. following news that Yahoo Japan Corp. will cancel a plan to acquire all of its shares.

The outlook remains stable.

The company will continue to promote network sharing for mobile communications with Softbank group, which should support eAccess's profitability, S&P said.

The company's profitability has improved materially since it became a member of Softbank group in January 2013, the agency said.

The improvement is attributable to Softbank's strong marketing capability, which eAccess can draw on, S&P said.

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