Internet
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 meet its financial commitments but shows a deterioration in circumstances or the economy is more likely to lead to a weakened ability to repay its borrowings. MoodyÆs is putting Vodafone on review for possible...
