SFTBY - SoftBank raised to stable at Moody's as asset sales continue

Moody's raises SoftBank's ([[SFTBF]],[[SFTBY]]) outlook from stable to negative, citing the Japanese tech giant's ongoing asset sale program launched early last year.Under the latest sale, SoftBank has now bought back $2.5B of dollar and euro bonds, completing the tender offer announced in February.Moody's had pushed SoftBank down two notches last year, concerned about the large asset movements and investor strategy.In early 2020, SoftBank reported record operating losses after writing off its WeWork and Uber investments.

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SoftBank raised to stable at Moody's as asset sales continue