S&P cuts Softbank's rating further, cites exposure to unlisted companies

S&P cuts Softbank's rating further, cites exposure to unlisted companies

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato

S&P Global Ratings cut Softbank Group Corp’s long-term rating deeper into junk territory on Tuesday, leading the Japanese tech investment conglomerate to push back against the downgrade.