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06.02.2014 16:36:00
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Brightstar Corp. -- Moody's upgrades Brightstar's notes to Ba1 with Softbank guarantee, withdraws CFR
New York, February 06, 2014 -- Moody's Investors Service ("Moody's") has upgraded the ratings of Brightstar Corporation's ("Brightstar" or "the Company") senior unsecured notes to Ba1 from B1 based on SOFTBANK CORP.'s ("SoftBank") unconditional guarantee of payment. Moody's also withdrew Brightstar's corporate family and probability of default ratings following completion of Softbank's acquisition of approximately 57% ownership in Brightstar. The outlook is stable.
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