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SoftBank Corp Latest News: S Cuts SoftBank Rating to Junk

wochit business
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July 08, 2013 AT 1:43 PM
Standard & Poor's Ratings Services cut its long-term corporate credit rating on SoftBank Corporation by two notches to junk, citing the large amount of debt the Japanese wireless carrier has taken on through its $21.6 billion purchase of Sprint Nextel Corporation.