On March 3rd, S&P Global Ratings downgraded SoftBank Group’s outlook from Stable to Negative, while confirming the company’s long-term issuer credit rating at BB+. S&P Global Ratings stated that due to SoftBank Group’s additional massive investment in OpenAI, its asset liquidity, portfolio quality, and financial capacity may deteriorate. To ease financial pressure, S&P Global Ratings expects the company to take prompt measures such as asset sales, but the timing and scale are still unclear.
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S&P confirms SoftBank Group's rating as "BB+" with a negative outlook
On March 3rd, S&P Global Ratings downgraded SoftBank Group’s outlook from Stable to Negative, while confirming the company’s long-term issuer credit rating at BB+. S&P Global Ratings stated that due to SoftBank Group’s additional massive investment in OpenAI, its asset liquidity, portfolio quality, and financial capacity may deteriorate. To ease financial pressure, S&P Global Ratings expects the company to take prompt measures such as asset sales, but the timing and scale are still unclear.