Fitch: Clearwire notes BB+

Fitch Ratings said it assigned the following ratings to Clearwire Communications LLC: issuer default rating B+; 8.25% exchangeable notes due 2040 BB+/RR1; and 14¾% first-priority senior secured notes due 2016 BB+/RR1.

The outlook is stable.

In addition, Fitch said it has affirmed the issuer default rating and long-term debt ratings with a stable outlook at Sprint Corp., Sprint Communications Inc. and Sprint Capital Corp.

The ratings for Clearwire's $300 million first-priority secured notes and $629 million exchangeable notes reflect the substantial overcollateralization of spectrum assets underlying the debt since the $2.8 billion redemption of Clearwire secured notes at the beginning of December, Fitch stated.

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