Conflict with Softbank rating company March 25 22:24 due to two-stage downgrade over asset sales
Moody's, a major rating company, said that the SoftBank Group announced that it would sell up to 4.5 trillion yen of assets and use it to reduce liabilities, etc. Stage, lowered. In response, the SOFTBANK Group has announced that it will withdraw the rating request, which has led to a direct conflict.
SoftBank Group Corp. announced on September 23 that it will sell up to 4.5 trillion yen of assets over the next year to purchase its own stock and reduce debt.
On the 25th, Moody's lowered the SoftBank Group's rating by two levels to Ba3.
Moody's claims that the sale of some of the highly valued stocks, including Alibaba's stock in China's largest online retailer, could impair creditworthiness and suggest that further downgrades could occur in the future. is.
SoftBank Group responded strongly by saying that the downgrade is based on too pessimistic assumptions, misunderstanding and guesswork and unilateral judgment is not allowed, and announced that it will withdraw Moody's rating. Did.
The SoftBank Group's recent financial market turmoil has caused its own stock price to plummet, and the company aimed to launch a massive asset sale to appeal to the market for financial improvement. It is a form that causes a situation to do.