Moody's downgrades SoftBank outlook to 'negative' citing tech slide, leverage

Moody's downgrades SoftBank outlook to 'negative' citing tech slide, leverage

Photo: Bloomberg

Japan’s SoftBank Group Corp had its credit outlook cut to “negative” from “stable” on Tuesday by ratings agency Moody’s Investors Service which cited a decline in the value of its portfolio and estimated the tech investor’s leverage had risen.