Sprint Part Of SoftBank Credit Reviews, Says Moody’s

By | July 6, 2015

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SoftBank, owner of Sprint (S), will remain acquisitive as it seeks growth outside of Japan and leverages its stake in Alibaba, says Moody’s Investor Service, which will include Sprint in future SoftBank credit ratings. Moody’s maintained its junk rating on SoftBank debt. SoftBank owns a large stake in Chinese e-commerce giant Alibaba (BABA), which went public in 2014. In a change, Moody’s said it will include Sprint in its assessment of SoftBank’s Scalper1 News

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