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SoftBank Group Credit Risk Hits 4-Year High on AI Funding Strain

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SoftBank Group Credit Risk Hits 4-Year High on AI Funding Strain SoftBank Group Corp.’s credit risk, as measured by its credit-default swaps, has risen to the highest level in nearly four years as concerns grow over AI-related funding and a potential large acquisition. SoftBank’s five-year CDS stood at 432 basis points on Tuesday, the highest since early November 2022, data compiled by Bloomberg show. It has widened by more than 30 basis points since moving above 400 a week earlier.

SoftBank Group Credit Risk Hits 4-Year High on AI Funding Strain SoftBank Group Corp.’s credit risk, as measured by its credit-default swaps, has risen to the highest level in nearly four years as concerns grow over AI-related funding and a potential large acquisition. SoftBank’s five-year CDS stood at 432 basis points on Tuesday, the highest since early November 2022, data compiled by Bloomberg show. It has widened by more than 30 basis points since moving above 400 a week earlier.
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Originally published by Bloomberg Markets Read original →