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S&P downgrades SoftBank to 'junk' status, shares slide

2013-07-08 12:13:13| Telecom - Topix.net

Standard & Poor's cut SoftBank Corp's debt rating two notches to "junk" grade, citing financial risks from its $21.6 billion purchase of U.S. wireless carrier Sprint Nextel Corp and Sprint's proposed buyout of Clearwire Corp .

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Category:Telecommunications

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