20.07.2016 05:45:00
|
SoftBank Group Corp. -- Moody's affirms SoftBank's Ba1 rating
Tokyo, July 20, 2016 -- Moody's Japan K.K. has affirmed SoftBank Group Corp.'s Ba1 corporate family rating and backed senior unsecured ratings, following the company's announcement on 18 July that it will acquire all shares of ARM Holdings plc (unrated) for approximately GBP24.0 billion (approximately $31.0 billion or JPY3.3 trillion) in cash. The rating outlook is stable.