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Old May 2nd, 2008, 06:17 PM
SMS
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Default Sprint Credit Rating Cut to Junk

DTC wrote:
> And I so wanted to go back to Sprint from AT&T.
>
> [snipped from bloomberg.com ]
>
> Sprint Credit Rating Cut to Junk at Standard & Poor's
>
> May 1 (Bloomberg) -- Sprint Nextel Corp., the U.S. wireless company
> that lost more than a million contract customers last year, had its
> credit rating cut to junk by Standard & Poor's.
>
> The carrier's corporate credit and senior unsecured debt ratings were
> lowered two levels to BB from BBB- because of its deteriorating
> operating performance, S&P said today in a statement.


There's apparently a deal in the works between Sprint, Comcast, Intel,
Google, and Clearwire, to revive the whole WiMax thing.

Perhaps Sprint will be acquired by one of these companies as part of
this deal.
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