S&P Global Ratings said on Tuesday it has revised SoftBank Group Corp’s outlook to stable from negative in a vote of confidence in the conglomerate after it sold down assets following a series of missteps.
SoftBank’s “aggressive growth strategy and financial policy are unlikely to erode its creditworthiness materially in the next one to two years,” said S&P, which affirmed SoftBank’s long-term issuer credit rating at BB+.
