Press Releases 2024
Acquisition of New Issuer Ratings from
“S&P” and “Fitch”
December 12, 2024
SoftBank Corp.
SoftBank Corp. (hereinafter “SoftBank”) acquired new issuer ratings from S&P Global Ratings Japan Inc. (hereinafter “S&P”) and Fitch Ratings Japan Limited (hereinafter “Fitch”).
For a detailed explanation of the ratings, please refer to the S&P and Fitch announcements.
1. Overview of the ratings
| Rating Agency | S&P | Fitch |
|---|---|---|
| Long-term Issuer Rating (Outlook) |
BBB* (Stable) |
BBB+ (Stable) |
- [Note]
-
- *Stand-alone credit profile (credit profile of SoftBank on a stand-alone basis) is bbb+.
- *
2. Purpose of the ratings acquisition
The recent acquisition of the ratings is aimed at obtaining an objective evaluation of business operations and financial status of SoftBank from an external third-party organization abroad, in order to diversify our financing methods with an eye on issuing bonds overseas. SoftBank will continue to strive towards improving profitability and strengthening our financial foundation.
Reference
S&P Global Ratings Japan Inc. website
https://www.spglobal.com/ratings/en/
Fitch Ratings Japan Limited website
https://www.fitchratings.com/
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