Fitch Assigns SoftBank Group First-Time BB+ Long-Term IDR, Outlook Stable

Fitch Ratings has assigned Japan's SoftBank Group (SBG) a first-time long-term issuer default rating of BB+ in both foreign and local currency, with a stable outlook, according to Jiemian News. Fitch said SoftBank Group is one of the world's largest and fastest-growing investment holding companies, citing its strong investment track record, diversified funding channels and long-standing discipline in managing loan-to-value, net asset value and liquidity. It added that the rating is constrained by SoftBank's higher risk appetite, relatively high concentration in AI-related assets and more volatile investment performance.