Concerns over AI-related financing and potential large-scale acquisition deals have pushed SoftBank Group's credit risk, as measured by credit default swaps, to its highest level in nearly four years.
Data shows that SoftBank's five-year credit default swaps (CDS) were quoted at 432 basis points on Tuesday, the highest since early November 2022. After breaching 400 basis points a week earlier, the metric has widened by more than 30 basis points. SoftBank Group's share price has also been weak recently, down about 50% from its June high.
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