Press Releases 2019
SoftBank Corp. Receives “AA-” Issuer Rating From JCR
June 27, 2019
SoftBank Corp. today announced that on June 27, 2019 it received an “AA-” issuer rating and a “Stable” rating outlook from Japan Credit Rating Agency, Ltd.
With its listing on the Tokyo Stock Exchange, SoftBank Corp. has acquired a rating and outlook independent of its parent company which indicated an objective, third-party assessment of its business activities and financial condition. This was intended to enhance managerial transparency and improve external creditworthiness. Also, with this “AA-” issuer rating, SoftBank Corp. expects it will be able to diversify its capital procurement sources to enhance financial stability and reduce capital procurement costs. SoftBank Corp. will continue to work to increase profitability and improve its financial position.
For a detailed explanation of the rating, please refer to the JCR announcement.
Japan Credit Rating Agency, Ltd. (JCR) website
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