SoftBank criticises Moody's after debt downgrade
Moody's says it is reviewing the technology group for a further downgrade
25 March 2020 - 22:27
Tokyo — SoftBank on Wednesday hit out at credit ratings agency Moody's after it downgraded the technology group by two notches to Ba3 and took the unusual step of asking for the ratings to be withdrawn.
Moody's said it was reviewing (https://www.moodys.com/research/Moodys-downgrades-SoftBank-Group-to-Ba3-places-ratings-on-review--PR_420820?amp;WT.mc_id=AM~UmV1dGVyc05ld3NfQU1QU19TQl9OUl9DVl9SYXRpbmdfTmV3c19BbGw%3d~20200325_PR_420820) SoftBank for a further downgrade as the group moves to sell down core parts of its portfolio to offset the weak performance of its tech bets...
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