S&P revises Fortress view to negative

S&P said it revised the outlook for FinCo I LLC (Fortress) to negative from stable to reflect the outlook on the company’s parent Softbank Group. S&P recently revised Softbank’s outlook to negative.

The agency also affirmed its BB issuer credit rating and BB issue rating on the company's senior secured revolver and term loan. The recovery rating remains at 3, denoting the expectation for meaningful (50% round estimate) recovery in the event of a payment default.

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