TECH - Moody's Upgrades SoftBank Group's Outlook To Stable Citing Improved Leverage And Transparency Post-Arm IPO | Benzinga
Moody's revised SoftBank Group Corp's (OTC: SFTBF) (OTC: SFTBY) outlook to stable from negative and affirmed Ba3 Corporate Family rating.
The re-rating reflects the recovery in SBG's credit fundamentals driven by its lower leverage and greater transparency in its investment portfolio value following the IPO of Arm Holdings Plc (NASDAQ: ARM).
Moody's estimates that SBG's market value-based leverage (MVL) has improved modestly ...