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SoftBank Group's share rally ends after Moody's downgrade

Mar 26, 2020 - Nasdaq

B y Sam Nussey TOKYO, March 26 (Reuters) - SoftBank Group Corp's 9984.T shares fell 8% in early trade on Thursday, ending a 55% rally in the stock, after Moody's downgraded the tech conglomerate's debt rating by two notches over plans to sell prime assets into a volatile market. SoftBank on Wednesday took the unusual step of asking Moody's to withdraw its ratings after it was pushed deeper into junk territory, as Chief Executive Masayoshi Son's group battles to convince the industry of its abi...