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S&P cuts Softbank credit rating to junk after Sprint acquisition gets regulatory greenlight

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(Globalpost/GlobalPost)

TOKYO - Standard

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The ratings agency says Softbank's debt will increase substantially as a result of buying 78 per cent of Sprint.

The Federal Communications Commission approved the Sprint deal on Friday.

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http://www.globalpost.com/dispatch/news/the-canadian-press/130708/sp-cuts-softbank-credit-rating-junk-after-sprint-acquisition