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SoftBank

Moody's slashes SoftBank credit rating over $41bn asset sale

Rating agency says 'aggressive' plans will be challenging and put credit quality at risk

SoftBank founder and CEO Masayoshi Son speaks during a news conference in Tokyo. (Photo by Ken Kobayashi) 

TOKYO -- Moody's on Wednesday downgraded SoftBank Group's credit rating by two notches and put the company under review for further downgrade, citing its "aggressive financial policy" during market turmoil.

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