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Old 05-02-2008, 04:26 AM
DTC
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Default Sprint Credit Rating Cut to Junk

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.

http://www.bloomberg.com/apps/news?p...fer=technology
http://tinyurl.com/66jaw7

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