SoftBank Group’s Rating Raised by Moody’s on Debt Reduction

Moody’s Ratings raised SoftBank Group Corp.’s senior unsecured rating to Ba2 from Ba3 due to an improved financial situation.

The US rating company cited “the improvement in its credit fundamentals, as demonstrated by a sustained reduction in its leverage and secured debt, coupled with the progress in its asset divestments” for hoisting its unsolicited rating.