Softbank’s Issuer Rating Raised to Investment Grade by Moody’s
November 13, 2011, 10:10 AM ESTBy Gearoid Reidy
Nov. 11 (Bloomberg) -- Softbank Corp.’s issuer rating was raised to Baa3 from Ba2 by Moody’s Investors Service, which cited the refinaning of funds used for the acquisition of Vodafone Group Plc’s mobile phone business, according to a statement from the ratings company today.
The move raises Softbank’s credit rating to investment grade.
To contact the editor responsible for this story: Gearoid Reidy at greidy1@bloomberg.net
