A week in tech
A round-up of all the latest tech news.
ò MoodyÆs Investors Service disclosed its downgrading of its credit rating on Vodafone's Japanese subsidiary after internet conglomerate Softbank struck a $15-billion deal to buy it. The downgrading of the secured unsecured debt rating on Vodafone K.K. went by three notches to Baa2 from A2 citing that the Japanese firm will be unable to enjoy financial and other support from its British parent after the sale to Softbank. A Baa rating means the borrower has adequate capacity...
To continue reading, please login or register for free