Credit rating agency S&P Global has downgraded SoftBank Group's credit rating outlook from "stable" to "negative," stating that its plan to invest an additional $30 billion in OpenAI may harm its liquidity and the credit quality of its assets. S&P also confirmed that the company's long-term issuer credit rating remains at "BB+," noting that SoftBank can mitigate negative financial impacts by selling assets.
Last month, SoftBank decided to deepen its investment in OpenAI, having previously injected over $30 billion into OpenAI and funded other artificial intelligence projects. Last year, SoftBank sold stakes in T-Mobile US (TMUS.US) and NVIDIA (NVDA.US) to raise funds for founder Masayoshi Son's bets on artificial intelligence investments