...The ratings of SoftBank Group Corp. (SBG) reflect its position as one of the world's largest and fastest-growing investment holding companies (IHCs) by portfolio size. It has a strong investment record supported by a number of outsized successes, solid access to diversified funding sources, and a demonstrated ability and discipline to adhere to its key financial parameters for loan-to-value (LTV), net asset value (NAV) and liquidity over the past decade. However, the ratings are affected by the company's higher risk appetite, concentration in several large AI-related positions and uneven investment performance....
