ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
SoftBank

SoftBank's credit outlook downgraded to negative

S&P Global Ratings says $4.7 billion buyback amid market turmoil is risky

SoftBank announced on March 13 that it will buy up to 7% of its outstanding shares.   © Reuters

TOKYO -- S&P Global Ratings on Tuesday cut SoftBank Group's credit rating outlook from "stable" to "negative," citing its recently announced share buyback and falling stock prices as a risk to the Japanese technology conglomerate's financial health.

The U.S. ratings agency affirmed SoftBank's long-term credit rating at BB+, which is considered non-investment grade.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more