March 25, 2020 / 10:04 AM / 13 days ago

Moody's downgrades SoftBank Group by two notches

March 25 (Reuters) - Ratings agency Moody’s downgraded SoftBank Group Corp on Wednesday by two notches to Ba3, saying the company is “aggressive” in its financial policy at a time when a drop in the stock market has put the value and liquidity of SoftBank’s portfolio under stress.

Moody's said here it was also reviewing SoftBank for a further downgrade. (Reporting by Ismail Shakil in Bengaluru; Editing by Vinay Dwivedi)

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