S&P downgrades SoftBank's rating outlook to negative, citing potential credit quality damage from $30 billion investment in OpenAI
13 hour ago / Read about 0 minute
Author:小编   

S&P has downgraded SoftBank Group's rating outlook from stable to negative, citing the company's plan to make an additional $30 billion investment in OpenAI, which may impair its liquidity and asset credit quality. Previously, SoftBank had already invested over $30 billion in OpenAI and ventured into other artificial intelligence enterprises. Although S&P maintains SoftBank's 'BB+' long-term issuer credit rating, it notes that SoftBank may alleviate financial pressure by selling assets. In a statement, S&P said that SoftBank's investments in the artificial intelligence sector, including its investment in OpenAI, primarily focus on startups and private companies facing significant innovation risks and intense competition, with OpenAI being regarded as one of its weakest investments in terms of credit quality.