business

Moody's downgrades SoftBank to junk grade Ba1

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The buy out is going to cost softbank so much more than what they paid for it once they open the books of Sprint, they will be dumping money into the company just to keep it afloat

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why would anyon elisten to these rating agencies when they lied all throughout the housing bubble in the US.

-1 ( +4 / -5 )

@cracaphat

Tell that to HP and Autonomy.

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Despite the housing bubble, which these guys are partly responsible for (AND should be JAILED for), the big investment firms do have a history of predicting the health of a company. That said, Moody lowering it's credit rating only means a couple things to following people; If you hold stock in the company, expect your share value to change little over the next quarter. If your buying the stock, understand that you're taking a bigger risk then investing in a competitor like Docomo or KDDI. That's as far as the individual goes. Businesses are another big old mess.

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...and financial instruments backed by defaulted mortgages taken out by insolvent impoverished Americans are rated AAAAAAAA!!!!

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They will sell iPhone 6 with 2 year contract in US.

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rys2senseJul. 19, 2013 - 11:50AM JST

why would anyon elisten to these rating agencies when they lied all throughout the housing bubble in the US.

You are not obligated to pay attention to the underwritings at all. Good luck and stay poor.

0 ( +0 / -0 )

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