Bloomberg News

Softbank’s Issuer Rating Raised to Investment Grade by Moody’s

November 13, 2011

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


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus