Sep 10, 2015

S&P downgrades scandal-hit Toshiba, with 'negative' outlook

U.S. credit rating agency Standard & Poor’s said Wednesday that it has downgraded Japanese electronics company Toshiba Corp.’s long-term corporate credit to “BBB-” from “BBB,” stating that confusion in its operations arising from “inappropriate” accounting may continue to have a negative impact on its ...

Jul 8, 2013

S&P cuts Softbank to junk status after FCC's Sprint nod

Softbank Corp., led by billionaire Masayoshi Son, had its credit rating cut to junk by Standard & Poor’s after winning approval from the Federal Communications Commission for its $21.6 billion bid to buy Sprint Nextel Corp. The rating was cut to BB+, the highest ...