Moody's revises SoftBank view to stable

Moody’s Investors Service said it revised its outlook for SoftBank Group Corp. to stable from negative and affirmed the Ba3 corporate family rating, its Ba3 senior unsecured rating and the B2 subordinated debt rating.

“The affirmation of SBG's Ba3 CFR and the outlook change to stable reflect the recovery in SBG's credit fundamentals driven by its lower leverage and greater transparency in its investment portfolio value following the IPO of Arm Holdings plc. (Arm),” Moody’s said in a press release.

The agency noted the value of the company’s assets, largely composed of Arm, SoftBank Corp. (SBKK) and Alibaba Group Holding Ltd., relative to its total portfolio value rose to more than 60%, indicating improvement in the asset quality of its investment portfolio.

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