S&P shifts SoftBank view to stable

S&P said it revised SoftBank Group’s outlook to stable from negative and affirmed all its ratings, including the BB+ issuer rating.

“The outlook revision reflects our belief that the Japan-based investment holdings company will prioritize its financial soundness and credit ratings, given that it has sold considerable assets and reduced debt. The outlook revision is also based on our expectation that the company will maintain a relatively strong portfolio, from a liquidity and credit quality perspective, and financial ratios will remain commensurate with the issuer credit rating in the next one to two years,” the agency said in a press release.

© 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.