\"\"
<\/span><\/figcaption><\/figure>By Sam Nussey<\/strong>

TOKYO: Japan's SoftBank<\/a> Group Corp had its credit outlook cut to \"negative\" from \"stable\" on Tuesday by ratings agency Moody's<\/a> Investors Service which cited a decline in the value of its portfolio and estimated the tech investor's leverage had risen.

SoftBank this month reported a record loss at its
Vision Fund<\/a> unit as tech valuations slid, with founder and Chief Executive Masayoshi Son<\/a> promising to rein in investing activity and preserve cash.

In an effort to raise cash, SoftBank hopes to list chip designer Arm after a deal to sell the business to Nvidia fell apart after hitting regulatory hurdles.

Moody's said the deal's collapse \"showcases the challenges around quickly realizing full value for such stakes\" and added that SoftBank's attempt to list Arm \"faces execution risk in the timing and valuation\".

SoftBank asked Moody's to withdraw its ratings in 2020. The conglomerate said the latest assessment \"is based on their subjective assumptions and hypotheses with no reasonable basis for support\".

The company has emphasised its financial leeway, saying that its loan-to-value ratio was 20.4% at March-end, an improvement on three months earlier.

Moody's said that, unlike SoftBank, it includes an $8 billion loan secured against the Arm stake in its measure of the group's leverage.

\"It is unclear whether (SoftBank) will sustainably reduce its leverage,\" Moody's said.
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穆迪修正软银前景“负面”援引科技幻灯片,杠杆

软银本月公布创纪录的亏损在其视觉科技基金单位的估值下跌,与创始人兼首席执行长孙正义承诺控制活动和保存现金投资。

  • 更新2022年5月31日下午04:03坚持
阅读: 100年行业专业人士
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由山姆Nussey


东京:日本软银集团公司的信用评级展望从“稳定”下调为“负面”由评级机构周二穆迪投资者服务公司,认为其投资组合的价值下降和估计技术投资者的影响力上升了。

软银本月公布创纪录的亏损的视觉基金单位作为技术估值下跌,创始人兼首席执行官孙正义承诺要控制投资活动和保存现金。

为了筹集现金,软银希望列表后芯片设计部门销售业务达成协议,英伟达破裂后监管障碍。

广告
穆迪称,该交易崩溃”展示了挑战快速实现对此类股权全部价值”和补充说,软银的尝试列出部门“面临时间和执行风险评估”。

软银穆迪评级在2020年撤回问道。集团表示,最新评估”是基于主观的假设,假设没有合理依据的支持”。

公司强调其财务灵活性,称其贷款与价值比率在3 20.4%,三个月前有所改善。

穆迪表示,与软银,它包括一个80亿美元的贷款担保的手臂股份测量组织的影响力。

“目前尚不清楚(软银)将持续减少杠杆,”穆迪说。
  • 发布于2022年5月31日下午04:01坚持
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\"\"
<\/span><\/figcaption><\/figure>By Sam Nussey<\/strong>

TOKYO: Japan's SoftBank<\/a> Group Corp had its credit outlook cut to \"negative\" from \"stable\" on Tuesday by ratings agency Moody's<\/a> Investors Service which cited a decline in the value of its portfolio and estimated the tech investor's leverage had risen.

SoftBank this month reported a record loss at its
Vision Fund<\/a> unit as tech valuations slid, with founder and Chief Executive Masayoshi Son<\/a> promising to rein in investing activity and preserve cash.

In an effort to raise cash, SoftBank hopes to list chip designer Arm after a deal to sell the business to Nvidia fell apart after hitting regulatory hurdles.

Moody's said the deal's collapse \"showcases the challenges around quickly realizing full value for such stakes\" and added that SoftBank's attempt to list Arm \"faces execution risk in the timing and valuation\".

SoftBank asked Moody's to withdraw its ratings in 2020. The conglomerate said the latest assessment \"is based on their subjective assumptions and hypotheses with no reasonable basis for support\".

The company has emphasised its financial leeway, saying that its loan-to-value ratio was 20.4% at March-end, an improvement on three months earlier.

Moody's said that, unlike SoftBank, it includes an $8 billion loan secured against the Arm stake in its measure of the group's leverage.

\"It is unclear whether (SoftBank) will sustainably reduce its leverage,\" Moody's said.
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