SoftBank blasts Moody’s for unsolicited rankings

SoftBank Group is considering authorized motion towards Moody’s Ratings after it issued a report on the tech-focused holding firm.

The gripe isn’t a lot concerning the Ba3 ranking printed within the report, particularly for the reason that credit standing company’s outlook for SoftBank was upgraded from steady to constructive. It is as a substitute concerning the ranking being unsolicited.

Bonds which can be rated Ba3 by Moody’s are thought-about non-investment grade, or speculative. In Wall Street jargon, they’re often known as junk bonds.