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Old 05-09-2008, 02:20 AM
Dutch
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Default Re: Sprint Credit Rating Cut to Junk

jgrove24@hotmail.com wrote:

> On May 1, 11:26 pm, DTC <m...@nothingtoseehere.zzx> 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.
>>
>> http://www.bloomberg.com/apps/news?p...url.com/66jaw7

>
> When the CEO has to beg in TV ads, the downward spiral has commenced.


I wonder if Lee Iacocca, Jack Welch, Frank Perdue, Jim Perdue, Dave
Thomas, Jeff Bezos, Jay Bush, Bill Gates, Roger Enrico, Lou Gerstner, or
Michael Eisner, among others, would agree with you... :-)

--
Dutch

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