S&P revises SoftBank view to positive

S&P said it changed its outlook for SoftBank Group Corp. to positive from stable and affirmed its BB ratings on the issuer and its senior unsecured debt and B subordinated debt rating.

“The recent improvement in the quality of SoftBank Group's investment assets is likely to endure in the next year or so. This led us to revise up our outlook on the company to positive from stable. Listing Arm Holdings plc greatly increased the liquidity of the company's investment portfolio. Arm, SoftBank Group Corp.'s largest investment asset, listed on Nasdaq with a market capitalization of about $52 billion (¥7.7 trillion) on Sept. 14, 2023,” S&P said in a press release.

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