FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO (Reuters) -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.
S&P lowered SoftBank's rating to BB from BB-plus, citing SoftBank's exposure to unlisted companies that are susceptible to changes in the external environment.
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