SoftBank Group CDS Rises to Near Year-High on S&P Outlook Cut

SoftBank Group Corp.’s credit default swaps widened to an 11-month high and remained the widest among Japanese corporates as its heavy investment in artificial intelligence weighs on its credit profile.

Its five-year CDS traded at about 355 basis points, the highest since April 2025, roughly 100 basis points wider than Nissan Motor Co., according to data compiled by Bloomberg, after S&P Global Ratings revised its outlook to negative from stable following its $30 billion additional investment in OpenAI. The rating company said it may take longer than expected to restore asset liquidity and portfolio quality.

S&P said ...