SoftBank's high leverage is another warning sign on the growing corporate debt crisis

Two major credit ratings agencies have opted not to upgrade SoftBank's debt and may well instead downgrade the already below investment grade company.
It's another blow to the company's high leverage ratio and a very high level of net debt which stands at $96 billion as of the end of December. 
Companies with high debt piles have been on a mission to cut levels in 2019 with warnings about poor quality debt becoming starker. SoftBank, the giant fund behind investments including Uber, Sl